Facing the challenge


China’s economic growth was the story of the noughties. A period of rapid industrialisation and a wholesale population transfer from rural to urban centres has seen it leapfrog from being the world’s eighth-largest economy in 1999 to almost usurping Japan’s second position at the start of 2010, according to figures from the International Monetary Fund.

Unsurprisingly, this period of economic development has also seen a massive expansion in the size of its insurance market as China’s affluent

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