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Insurance and China's Entry Into the WTO
Author(s) -
D'Arcy Stephen P.,
Xia Hui
Publication year - 2003
Publication title -
risk management and insurance review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.386
H-Index - 16
eISSN - 1540-6296
pISSN - 1098-1616
DOI - 10.1111/1098-1616.t01-2-00017
Subject(s) - china , negotiation , world trade , business , international trade , insurance law , insurance industry , insurance policy , general insurance , actuarial science , political science , law
Insurance emerged as one of the most hotly debated issues regarding China's entry into the World Trade Organization (WTO) as a result of both historical precedents and the potential for significant market growth. The new rules for insurance operations in China under the WTO will allow insurers more freedom to enter and operate in this market. This article provides an explanation of the history of insurance operations in China, the role of insurance in the WTO negotiation process, and the effect that membership in the WTO will have on insurance operations in China in the future.