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China examines black boxes of crashed jet, looking for more plane debris

by AIP Online Bureau | Mar 29, 2022 | International News, Non-Life, Reinsurance

“Large-scale air crash investigations that only rely on data provided by the black boxes are often insufficient to tell the full truth of the incident,” Zhu Tao, head of the aviation safety office at Civil Aviation Administration of China, told a press conference...

China mounting cyber-attacks to fulfill its political objectives, says think tank

by AIP Online Bureau | Mar 28, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy, Risk Management, Technology

Crowd strike, which provides cyber security for half the world’s 20 biggest multinationals revealed that China is motivated primarily by a desire for commercial secrets and pursuit of its political objectives. Analysis of thousands of cyberattacks indicates that...
China delays retirement of employees as population ages, exchequer runs dry

China delays retirement of employees as population ages, exchequer runs dry

by AIP Online Bureau | Mar 28, 2022 | Eco/Invest/Demography, International News, Pension & Social Security, Policy

“The delayed retirement policy reflects that social welfare expenditures related to retirement and old age have become a heavy burden on the central government’s financial expenditure, so it delays retirement to minimize this, its pay pressure,” said...

China under pressure amid countrywide COVID-19 resurgence

by AIP Online Bureau | Mar 20, 2022 | Eco/Invest/Demography, Health, International News, Pandemic

China is battling its biggest virus surge in two years and numerous cities have imposed travel bans and lockdowns, including tech hub Shenzhen, which have shaken economic stability and global supply chains. China has clung to a zero-tolerance approach to the virus...
Ping An posts 29% profit drop on China property woes, but sees losses easing

Ping An posts 29% profit drop on China property woes, but sees losses easing

by AIP Online Bureau | Mar 18, 2022 | International News, Life

The insurance group has been shaken in recent quarters by growing concerns about its investments in the highly indebted property sector, which has been hit by a string of developer defaults, credit rating downgrades and slump in shares and bonds SHANGHAI/HONG KONG:...
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