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China's insurance sector likely to grow at more sustainable pace in 2014: Standard & Poor's

December 16, 2013 - 6:00am

Rating agency Standard & Poor's Corp. said China's insurance sector is likely to grow at a more sustainable pace in 2014, China Daily reported.

Standard & Poor's credit analyst Connie Wong said insurers are willing "to diversify into new product areas."

But the sector's performance may be volatile and subject to natural catastrophes, the agency added.

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