Catastrophe insurance in the works
By Hu Yuanyuan | China Daily | Updated: 2010-04-20 08:02
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Li Kaifu, a farmer in Yunnan province, inspects dried up seedlings after the drought in the southwest took its toll on his crop. About 30 percent of catastrophe losses in developed nations are covered by insurers, while that figure is below 5 percent in China. Ma Jian / for ChinaDaily |
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