... but will also enhance the development of the Chinese economy. Macro Environmental Analysis for Chinese Insurance Companies Opportunities Threats Political-Legal Improving political reform (open door policy). New CCP Politburo. Government transferred its administrative power to the specific ministries, provinces and cities. Improved Insurance Law of China China's Social Welfare Reforms Government generates a growing need for private, commercial insurance(Pension Reform, Health Care Reform) Traditional centralized socialist company: Party leaders make all major policy decisions. Economic policies are discontinuous. Corruption had reached such an extent that it was seriously eroding the basis of legitimacy of political system. Completion of legal system never matches the economic development. Non-Transparent system for Foreign listing. Economic High economic growth (over 7%) Very low inflation. Just become member of WTO Increasing unemployment rate. Increasing globalization Low interest rate. Robust exchange rate of RMB High proportion of deposits to disposable income Maturing markets in major cities. Developing country with 50 million people in poverty. Large gap between the coastal east and the inland west. Entry of WTO High unemployment rate Income distribution Social More attentions are paid to ...

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