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Agricultural insurance premiums up 23% in China

Posted On: Feb. 8, 2023 9:54 AM CST


According to China's ministry of finance, the country’s agricultural insurance premiums increased 23% year-on-year to 119.2 billion Chinese yuan ($17.6 billion) in 2022, Xinhua reported. The premiums witnessed rapid expansion as the country worked to stabilize the incomes of farms and promote rural revitalization.