How insurance contribute to sustainable growth and development in emerging markets and China
Swiss Re's initiative for China Development Forum 2019
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Christian Mumenthaler, Group Chief Executive Officer, Swiss Re
"China has undergone enormous transformation over the last 40 years. Gross domestic production (GDP)has increased very rapidly and today, GDP percapitais eight times what it was at the beginning of the millennium. Standards of living in China are much higher, and there has been a large reduction in poverty, with more than 800 million people lifted out of poverty since China initiated market reforms in 1978. The impact of very rapid economic growth has been felt far beyond China's borders, benefitting the entire Asia region and the world, including my home country Switzerland."