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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.
Li, chairman of the National People's Congress (NPC) Standing Committee, said China and the ROK are friendly neighbors and important cooperative partners, and bilateral relations have maintained a good momentum of development under the guidance of the leaders of the two countries.
Among those who received emergency vaccination in China, around 60,000 have gone to regions considered high-risk, and no serious infection cases emerged from these.
Ong Tee Keat, founding chairman of the Center for New Inclusive Asia, a think tank based in Kuala Lumpur, said he expects China's new development paradigm to bring in a new round of opening-up, providing greater opportunities and room for post-pandemic global economic recovery and development.
Reforms on both supply and demand sides should be carried out to achieve a dynamic equilibrium on a higher level, in which demand and supply can boost each other, said the statement.
来源：资阳报