Opening China's mandatory motor market won't harm domestic insurers
The Chinese government's decision to open the third-party motor liability market to foreign insurers is unlikely to adversely affect local insurers, according to the nation's biggest non-life insurer.
Speaking to Bloomberg Businessweek, Zhang Xiaoli, board secretary of PICC Property & Casualty Company, said that foreign insurers being allowed to enter the compulsory motor market would have a "very
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