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And as China shifts from a manufacturing to knowledge-based economy, expect it to invest in "knowledge based" sectors like insurance, finance and hi-tech software firms.
FORBES: Magazine Article
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If people start getting engaged with the issue, the insurance industry will begin to come up with policies, safe in the knowledge that the catastrophic costs will be covered by the state.
BBC: Social care: The ?75,000 question
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The Yankees believe they would recoup 75%-80% of that from the insurance policy they took out on Rodriguez' contract, according to a person with knowledge of the team's thinking.
WSJ: The Yankees' Next Steps
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The problem: He didn't have the licenses or insurance that contracting companies require nor could he afford them and he had only a cursory knowledge of how to lay a floor.
WSJ: Entrepreneurs Who Launched Companies for Under $150