Party committees set up in Chinese insurance JVs

The Chinese Communist Party is setting up political committees
inside joint venture enterprises involving international insurers,
the Financial Times has reported.
The role of the bodies is to ensure that foreign-backed
enterprises act in the interests of China's ruling party.
One executive at an international insurer spoken to by the
newspaper said the move was "part of doing business in
China", while another raised concerns that the committees
could undermine the carrier's business objectives.