China's PICC sees 23.6% rise in profit thanks to motor
China's state-owned PICC Property and Casualty Co has posted a 23.6% rise in net profit for the first six months of the year.
According to Reuters PICC reported a first-half net profit of ¥6.53bn compared to ¥5.29bn in 2011. Motor insurance accounted for 79% of PICC's first-half premiums and are thought to be responsible for
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