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China now world's 2nd largest auto insurance market

BEIJING
2015-12-16 16:22

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China has become the world's second largest auto insurance market after the U.S., according to a report published by the Insurance Association of China on Wednesday.

In China, motor insurance premiums rose 16.84 percent on a yearly basis to 551.6 billion yuan in 2014, accounting for 73.12 percent of the country's total property insurance premiums collected in the same year.

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