Head of Chinese insurer arrested on bribery charge

BEIJING – The general manager of China's state-owned trade insurance company has been arrested on charges he took bribes and caused heavy losses by abusing his position, a state news agency reported Friday.

Tang Ruoxin was fired from the China Export and Credit Insurance Corp. following an investigation into improper lending, the Xinhua News Agency said, citing an announcement by the country's insurance regulator.


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