China's Belt Road Initiative and the impact on commercial insurance
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The Chinese economy has expanded rapidly over the last 30 years, with annual gross domestic product (GDP) growth averaging about 10%. Growth has slowed in more recent years due to weaker demand globally. China remains vulnerable to external shocks because of its reliance on investment and net exports, and this has prompted the government to try rebalance the economy to a more domesticconsumption growth model.