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China set up the insurance security fund in 1995 to resolve industry risks and to protect the interests of policyholders in the event of an insolvency of an insurance company.

China started to impose anti-dumping duties on dispersion unshifted single-mode optical fiber imported from the United States and the EU from April 2011 for five years after a probe discovered their previous dumping practices.

China released revised regulation on securities insurance and underwriting on Tuesday that gives insurance funds priority to subscribe to new shares offline, a move to benefit the public and improve market-oriented stock pricing.

China was chosen as the first country to receive an AfS medical team, Wong recalled. "The need for treatment is huge — one in 350 children was born annually with the cleft anomaly. Plus we had pre-existing relationships with the then China Population Welfare Foundation and the State Family Planning Commission to help carry out our programs," he said.

China will also improve its disease prevention and control mechanism and its health emergency response system while strengthening cooperation with the WHO, he added.