Wu, Xiaohong; Hout, Thomas; Enright, Michael - In: Global Economic Review 34 (2005) 2, pp. 181-200
From 1949 through 1979, China had no insurance industry, as the state self-insured. Government policy was cautious and growth slow for the next 15 years, but since the early 1990s the pace of policy change has accelerated and the industry has grown at more than twice the gross domestic product....