China Export & Credit Insurance Corporation, also known as Sinosure, has reported steady business growth as the country's overseas investments increased last year.
Insurance for overseas investments totalled $58.13bn last year, an increase of 18.9% year on year, reported the Xinhua news agency citing Sinosure, China's only policy-oriented insurer specialising in export credit insurance.
The company last year provided cover for projects ranging from oil and gas and mining to transport infrastructure in 84 countries and regions.
Official data showed that China's outbound investment expanded by 4.2% year on year to reach $129.83bn in 2018.
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