Briefly

Insurance sector sees steady H1 growth

China's insurance industry recorded premium income of 3.86 trillion yuan ($568.5 billion) during the first half, up 3.3 percent year-on-year, with continued optimization in product structure, according to the latest data released by the Insurance Association of China. During the period, property insurers saw premium income rise 2.1 percent year-on-year, while life insurers' premium income increased 3.6 percent, the IAC said.

SAIC Motor, GM sign JV renewal agreement

Chinese automaker SAIC Motor and General Motors have announced a 20-year extension of their joint venture partnership to 2047. Both sides agreed that the renewal of the partnership is based on the foundation of nearly 30 years of successful collaboration, and both companies have cast a vote of confidence in the long-term value of the Chinese automotive market against the background of profound changes in the global auto sector.

XINHUA-CHINA DAILY