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"The personal insurance sector in China has made notable progress in recent years, with insurance coverage continuously expanding and public awareness of risks steadily increasing. That said, the sophistication and coverage of China's personal insurance sector remain modest. This also indicates that China is a huge insurance market with enormous potential," Li said.
After listening to the relevant work reports delivered by the two sides, Li and Mishustin highly appreciated the effective and pragmatic work done over the past year, hailing the sound momentum in exchanges and cooperation between the two countries at multiple levels in various fields.
Those at the Wednesday meeting decided on measures to refine the bad-faith deterrent mechanism to promote the orderly and healthy development of the social credit system. The principles include adhering to laws and regulations, protecting rights and interests, taking a prudent and appropriate approach and implementing list-based management.
Second, Wang called on the two countries to have communication and dialogue at all levels. The two sides can work out lists of dialogue, cooperation, and dispute management to provide a clearer picture for the maintaining and developing of bilateral ties, Wang said.
The Lao side congratulates China on its major victories achieved in fighting the epidemic and alleviating poverty under the leadership of the CPC Central Committee with Comrade Xi Jinping at the core, he added.
来源：资阳报