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Economy

Line between insurance, shadow banking blurs in China

Insurers are raking in cash but where is the money going?

A misty day in Shanghai: Opaque insurance practices could come back to haunt China.   © Getty Images

SHANGHAI China's insurance market is growing by leaps and bounds, thanks in part to interest rate liberalization that has triggered intense competition. But as more and more citizens take out policies, there is concern over where some of their money is winding up.

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