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Chinese insurer expects payouts to rise

Posted On: Sep. 16, 2019 6:19 AM CST

State-owned China Export & Credit Insurance Corp. expects insurance payouts to rise this year as the trade war between the United States and China intensifies, Moneyweb reported citing sources. The insurance policies help cushion companies from the risk of export deals collapsing because of elevated duties on goods flowing between the two countries.

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