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China State Council may discuss allowing foreign auto insurance companies into the country

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Written on:October 24, 2011
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China State Council may discuss allowing foreign auto insurance companies into the country

Since 2009, China has been able to boast a profit in its auto insurance sector, as it experienced a tightening on the regulation of price controls that turned it around after years of losses within the insurance industry as a whole, as 70 percent of its profits were from that sector. Now, China’s State Council is thinking about taking things a step further, with the consideration of a plan that…

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