Foreign insurance agencies booming in China
文章来源: 文章作者: 发布时间:2006-11-20 00:18 字体: [ ]  进入论坛
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China's rapid economic growth has injected unparalleled vigor1 into its insurance industry, and allowed it to grow at an average annual rate of 17.3%.
 
Chinanews, Beijing, Nov. 18 - "Currently (before November 15), there are 121 branches of 47 foreign insurance agencies from 47 countries and regions in China,"said Li Kemu, deputy director of China Insurance Regulatory Commssion, at the 4th Sino-US Insurance Talks.

 

China's rapid economic growth has injected unparalleled vigor into its insurance industry, and allowed it to grow at an average annual rate of 17.3%. In fact, insurance is one of the fastest-growing of all industries in China.

 

Last year alone, insurance made a revenue of 49.27 billion yuan, and it will surely gain more by the end of 2006. The total capital of all the 100 insurance agencies in China is as much as 1.84 trillion yuan, an amazing figure.

 

However, there are problems in China's insurance industry. First, the market conditions are not perfect, thus regulations and laws must be made as soon as possible to bridge the gap of transparency and fairness of the market between China and developed countries. Second, local insurance agencies must work hard to improve the quality of their services, and the general public should know more about the importance of insurance.

 

As Chinese only spent 376 yuan per capita on insurance in 2005 (much lower than the average international level), the market will boom even faster in the future.

 



点击收听单词发音收听单词发音  

1 vigor yLHz0     
n.活力,精力,元气
参考例句:
  • The choir sang the words out with great vigor.合唱团以极大的热情唱出了歌词。
  • She didn't want to be reminded of her beauty or her former vigor.现在,她不愿人们提起她昔日的美丽和以前的精力充沛。
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