Ping An posts 29% profit drop on China property woes

Ping An posts 29% profit drop on China property woes

Shanghai, China. Photo by Liam Li on Unsplash

Ping An Insurance Group Co of China Ltd, the country’s largest insurer, on Friday reported its biggest annual profit fall since 2008 as the country’s property market soured, but said it expected such investment losses to ease in future.

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