China’s Insurance Industry Undergoes Major Downsizing, Shutting Nearly 2,000 Branches

China’s Insurance Industry Undergoes Major Downsizing, Shutting Nearly 2,000 Branches

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In recent years, China’s insurance industry has faced significant turbulence, marked by the closure of numerous branch offices and a sharp decline in the number of insurance agents. A veteran insurance agent recently posted a video describing the industry’s current challenges, offering a subtle yet candid suggestion to his peers: consider alternative ways to earn a living.

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