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September 29, 2004

Foreign insurers achieving rapid growth

Foreign insurance companies' business in China is likely to accelerate after the full opening-up of the market at the end of this year, a senior Chinese regulator said yesterday. The rapid growth of foreign insurers, as well as intensified competition with local players, will also boost the development of the domestic insurance industry and deliver stronger support to the nation's economic growth, the official said.

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Posted by Tom Troceen