Country Profile - China: Forging Ahead
Source: Asia Insurance Review | Nov 2007
The engines of economic growth in China has been whirring relentlessly in the past few years, with non-life insurance surging at 37% to 137.31 billion yuan (US$18.3 billion) for the first eight months of this year while the life insurance premiums has slowed to a growth of 17% to 331.3 billion yuan (US$44.1 billion). This month our Country Profile looks at China, which is surrounded by frenzied construction ubiquitous in the city. We spoke to several insurance companies, both domestic and foreign, to find out what their main concerns are despite being in a country which is attracting the whole world.
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