Recap

January 09, 2007

China's insurance regulators have given insurance companies more freedom to create new products and to operate more efficiently. See the complete story on China's insurance reforms. | Direct sales companies in China, such as Amway, Avon, MaryKay and others, await a shakeup as new government regulations for their operations go into effect in Dec. 05. | Local Chinese travel agents say there will be more choices and better prices for travelers shopping spree packages overseas at the end of '05. | Chinese tourists love to go to the Philippines, and China will become the largest source for foreign tourists in that island country within 3 years. Chinese travel to the Philippines grew by 146% in just one year.