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6 White Paper on the Business Environment in China
46 “China’s Banking Industry Posts US$41 bln in Profits in 2007.” 57 Yan Jie. “Leading Insurers Guilty of 3 Billion Yuan Fraud.” China
AsiaPulse News. January 18, 2008. http://www.accessmylibrary. Daily. February 1, 2011. http://europe.chinadaily.com.cn/
com/coms2/summary_0286-33722439_ITM. china/2011-02/01/content_11952585.htm.
47 “China Said to Mull Insurance Market Easing for Foreign 58 Elzio Barreto and Denny Thomas. “AIG, PICC Group Ink Joint
Firms.” Bloomberg. August 5, 2010. http://www.bloomberg. Venture to Sell Life Insurance in China.” Reuters. November 22,
com/news/2010-08-04/china-said-to-consider-opening-auto- 2012. http://www.reuters.com/article/2012/11/22/us-aig-picc-
insurance-market-to-foreign-companies.html. idUSBRE8AL02220121122.
48“Foreign Banks Are Optimistic on China Reform, Ernst & 59 Vivian Ni. “China to Further Open Auto Insurance Market to
Young Says.” BloombergBusinessweek. January 6, 2014. http:// Foreign Investors.” China Briefing. February 20, 2012. http://
www.businessweek.com/news/2014-01-06/foreign-banks-are- www.china-briefing.com/news/2012/02/20/china-to-further-
optimistic-on-china-reform-ernst-and-young-says. open-auto-insurance-market-to-foreign-investors.html.
49 “China: Financial Services: Banking, Insurance & Securities.” U.S. 60 Martinne Geller. “Home Depot View Up as Housing Heals;
Foreign Commercial Service. 2001–2009. http://www.buyusa. Sandy Lift Looms.” Reuters. November 13, 2012. http://
gov/china/en/financial_services.html. www.reuters.com/article/2012/11/13/us-homedepot-results-
idUSBRE8AC0FF20121113.
50 “World Insurance in 2007: Emerging Markets Leading the Way.”
Swiss Re. Sigma No. 3. 2008. http://www.swissre.com/pws/ 61 Caroline Valetkevitch. “Analysis: US Consumer Stocks Cheer
research%20publications/sigma%20ins.%20research/sigma_ Investors Ahead of Holidays.” Reuters. November 18, 2012.
no_3_2008_rev.html. http://www.reuters.com/article/2012/11/18/us-usa-earnings-
consumer-idUSBRE8AH0A320121118.
51 “Insurance in Emerging Markets: Overview and Prospects for
Islamic Insurance.” Swiss Re. Sigma No. 5. 2008. http://www. 62 Li Woke. “Foreign Retailers Feel the Pinch of Rapid Expansion.”
swissre.com/pws/research%20publications/sigma%20ins.%20 China Daily. July 20, 2012. http://europe.chinadaily.com.cn/
research/sigma_no_5_2008.html. business/2012-07/20/content_15603707.htm.
52 Song Jingli. “Foreign Life Insurers Seek Niche Market Share.” 63 “Tesco Stumbles With Wal-Mart as China Shoppers Buy Local.”
China Daily. April 8, 2011. http://www.chinadaily.com.cn/ BloombergBusinessweek. October 19, 2012. http://www.
business/2011-04/08/content_12293264.htm. bloomberg.com/news/2012-10-18/tesco-stumbles-with-wal-
mart-as-china-shoppers-buy-local.html.
53 Zhan Hao. “Think Again Before Going to China” China
Law Vision. February 9, 2011. http://www.chinalawvision. 64 Matthew Miller. “Wal-Mart to Open Up to 110 New
com/2011/02/articles/insurance-law-of-the-peoples-r/think- China Stores by 2016.” Reuters. October 24, 2013. http://
again-before-going-to-china/. w w w. r e u t e r s . c o m / a r t i c l e / 2 0 1 3 / 1 0 / 2 4 / u s - w a l m a r t - c h i n a -
idUSBRE99N04S20131024.
54 Peter Whalley, Shu-Yen Liu, and Tom Ling. “Insurance: Foreign
Insurance Company in China.” PriceWaterhouseCoopers. 65 “China’s Software Industry Revenue Up 31.4% in July.” Xinhua.
September, 2009. http://www.pwchk.com/home/eng/foreign_ August 24, 2011. http://news.xinhuanet.com/english2010/
insurance_cn_sep2009.html. china/2011-08/24/c_131071147.htm.
55 “Newly Amended Insurance Law in China.” China Law Insight. April 66 “China: Information & Communication Technology.” U.S. Foreign
15, 2009. http://www.chinalawinsight.com/2009/04/articles/ Commercial Service. 2001–2009. http://www.buyusa.gov/china/
corporate/insurance/newly-amended-insurance-law-in-china/. en/ict.html.
56 Tracy Zhang and Fenglin Qin. “China Insurance Regulatory 67 “China’s Software Industry Output Hits 1.3t Yuan in 2010.” China
Commission issues new Administrative Provisions on Reinsurance Daily via Xinhua. August 5, 2011. http://www.chinadaily.com.cn/
Businesses” KPMG July, 2010. http://www.kpmg.com/CN/ bizchina/2011-08/05/content_13055459.htm.
en/IssuesAndInsights/ArticlesPublications/Newsletters/
ChinaAlerts/Documents/china-alert-1007-09.pdf.
242
46 “China’s Banking Industry Posts US$41 bln in Profits in 2007.” 57 Yan Jie. “Leading Insurers Guilty of 3 Billion Yuan Fraud.” China
AsiaPulse News. January 18, 2008. http://www.accessmylibrary. Daily. February 1, 2011. http://europe.chinadaily.com.cn/
com/coms2/summary_0286-33722439_ITM. china/2011-02/01/content_11952585.htm.
47 “China Said to Mull Insurance Market Easing for Foreign 58 Elzio Barreto and Denny Thomas. “AIG, PICC Group Ink Joint
Firms.” Bloomberg. August 5, 2010. http://www.bloomberg. Venture to Sell Life Insurance in China.” Reuters. November 22,
com/news/2010-08-04/china-said-to-consider-opening-auto- 2012. http://www.reuters.com/article/2012/11/22/us-aig-picc-
insurance-market-to-foreign-companies.html. idUSBRE8AL02220121122.
48“Foreign Banks Are Optimistic on China Reform, Ernst & 59 Vivian Ni. “China to Further Open Auto Insurance Market to
Young Says.” BloombergBusinessweek. January 6, 2014. http:// Foreign Investors.” China Briefing. February 20, 2012. http://
www.businessweek.com/news/2014-01-06/foreign-banks-are- www.china-briefing.com/news/2012/02/20/china-to-further-
optimistic-on-china-reform-ernst-and-young-says. open-auto-insurance-market-to-foreign-investors.html.
49 “China: Financial Services: Banking, Insurance & Securities.” U.S. 60 Martinne Geller. “Home Depot View Up as Housing Heals;
Foreign Commercial Service. 2001–2009. http://www.buyusa. Sandy Lift Looms.” Reuters. November 13, 2012. http://
gov/china/en/financial_services.html. www.reuters.com/article/2012/11/13/us-homedepot-results-
idUSBRE8AC0FF20121113.
50 “World Insurance in 2007: Emerging Markets Leading the Way.”
Swiss Re. Sigma No. 3. 2008. http://www.swissre.com/pws/ 61 Caroline Valetkevitch. “Analysis: US Consumer Stocks Cheer
research%20publications/sigma%20ins.%20research/sigma_ Investors Ahead of Holidays.” Reuters. November 18, 2012.
no_3_2008_rev.html. http://www.reuters.com/article/2012/11/18/us-usa-earnings-
consumer-idUSBRE8AH0A320121118.
51 “Insurance in Emerging Markets: Overview and Prospects for
Islamic Insurance.” Swiss Re. Sigma No. 5. 2008. http://www. 62 Li Woke. “Foreign Retailers Feel the Pinch of Rapid Expansion.”
swissre.com/pws/research%20publications/sigma%20ins.%20 China Daily. July 20, 2012. http://europe.chinadaily.com.cn/
research/sigma_no_5_2008.html. business/2012-07/20/content_15603707.htm.
52 Song Jingli. “Foreign Life Insurers Seek Niche Market Share.” 63 “Tesco Stumbles With Wal-Mart as China Shoppers Buy Local.”
China Daily. April 8, 2011. http://www.chinadaily.com.cn/ BloombergBusinessweek. October 19, 2012. http://www.
business/2011-04/08/content_12293264.htm. bloomberg.com/news/2012-10-18/tesco-stumbles-with-wal-
mart-as-china-shoppers-buy-local.html.
53 Zhan Hao. “Think Again Before Going to China” China
Law Vision. February 9, 2011. http://www.chinalawvision. 64 Matthew Miller. “Wal-Mart to Open Up to 110 New
com/2011/02/articles/insurance-law-of-the-peoples-r/think- China Stores by 2016.” Reuters. October 24, 2013. http://
again-before-going-to-china/. w w w. r e u t e r s . c o m / a r t i c l e / 2 0 1 3 / 1 0 / 2 4 / u s - w a l m a r t - c h i n a -
idUSBRE99N04S20131024.
54 Peter Whalley, Shu-Yen Liu, and Tom Ling. “Insurance: Foreign
Insurance Company in China.” PriceWaterhouseCoopers. 65 “China’s Software Industry Revenue Up 31.4% in July.” Xinhua.
September, 2009. http://www.pwchk.com/home/eng/foreign_ August 24, 2011. http://news.xinhuanet.com/english2010/
insurance_cn_sep2009.html. china/2011-08/24/c_131071147.htm.
55 “Newly Amended Insurance Law in China.” China Law Insight. April 66 “China: Information & Communication Technology.” U.S. Foreign
15, 2009. http://www.chinalawinsight.com/2009/04/articles/ Commercial Service. 2001–2009. http://www.buyusa.gov/china/
corporate/insurance/newly-amended-insurance-law-in-china/. en/ict.html.
56 Tracy Zhang and Fenglin Qin. “China Insurance Regulatory 67 “China’s Software Industry Output Hits 1.3t Yuan in 2010.” China
Commission issues new Administrative Provisions on Reinsurance Daily via Xinhua. August 5, 2011. http://www.chinadaily.com.cn/
Businesses” KPMG July, 2010. http://www.kpmg.com/CN/ bizchina/2011-08/05/content_13055459.htm.
en/IssuesAndInsights/ArticlesPublications/Newsletters/
ChinaAlerts/Documents/china-alert-1007-09.pdf.
242
