Chinese agricultural insurance market in 2021

agricultural insuranceAgricultural insurance premiums reached 96.5 billion CNY (15.2 billion USD) in 2021, which is an increase of 18.4% over one year. 33.35 billion CNY (5.23 billion USD) of this amount represents the Chinese government's support to the agricultural world.

In China, agricultural insurance covers crops against several risks including natural disasters and plant diseases.

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