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Chinese insurers' net profits rises nearly 123%

Posted On: Nov. 18, 2019 5:31 AM CST

China financial growth

Chinese insurers' net profit increased nearly 123% year-over-year to 280 billion Chinese yuan ($40 billion) in the first nine months of the year, Asia Insurance Review reported citing Xinhua News Agency. Property insurers' net profit grew more than 167% to CNY 50 billion.

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