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Jul 2020

News - China: Roadblocks in China’s motor market

Source: Asia Insurance Review | Jul 2012

The opening up of China’s estimated US$50 billion motor insurance industry to foreign players to offer a full range of insurance products presents immense opportunities, but there are roadblocks aplenty – from poor driving standards to a new generation of car owners unfamiliar with the concept of buying insurance against accidents and repairs, reported Reuters.

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