Chinese export insurance company maintains steady business growth

BEIJING -- China's only policy-oriented insurer specializing in export credit insurance reported steady business growth in the January-October period.

The China Export & Credit Insurance Corporation, also known as SINOSURE, served over 143,000 clients, increasing 27 percent year-on-year in the past 10 months.

During the January-October period, the company had underwritten over $564.8 billion worth of insured businesses, up 13 percent year on year.

SINOSURE is a state-funded and policy-oriented insurance company to promote China's foreign economic and trade development and cooperation. It was officially launched and put into operation in 2001, whose service network now covers the whole country.