The life insurance industry is an interesting one in China because it is, in essence, another piece of the puzzle that may ultimately explain how China will make the transition from an economyledby exports and government investment, to one that that is ledby consumption and investmentby the private sector.
The economy has been hurt by high interest rates and a weak external environment, which has led to a collapse in privateinvestment, coupled with large fiscal and current-account deficits.
The economy has been hurt by high interest rates and a weak external environment, which has led to a collapse in privateinvestment, coupled with large fiscal and current account deficits.