To illustrate, the risk in an insurance company arises mainly from the liability side of the balance sheet in the form of insurance claims whereas for the bank the risk mainly comes from the diminution of asset values (for example, illiquid loans that are not fully recoverable).
While growth in export volumes slowed relative to the previous period, the value of our exports, primarily commodities, increased substantially (Chart 9). China’s rapid development as an industrial and export powerhouse and its rapid urbanization represented a large shock to the global supply of manufactured goods for export.