Urbanization in China some cases to an ethnic stratification of labor and greater potential for ethnic conflict. In 2005, China had 286 cities. Most of China's cities have a population of one million and below. Shanghai is the largest city in China, with a population of 19 million, followed by Beijing with a population of 17.4 million. These are the two mega-cities in China. From 2010 to 2025, it is estimated by the Ministry of Housing and Urban-Rural Development that 300 million Chinese now living in rural areas will move into cities. The fast pace of urbanization will create at least one trillion
Insurance industry in China became the second largest insurance company in the world in terms of market capitalization although the value has kept declining since the stock market peak of 2008.) As of 2007, China had 100 insurance companies, 59 of which are domestic-funded and the rest 41 are foreign-funded. And five Chinese insurance companies including the People's Insurance Company of China, China Life Insurance, Ping An Insurance Company of China, China Insurance International Holdings Co., Ltd. (CIIH) and China Pacific Insurance have listed at home and abroad. China Life Insurance had about a 50% share of the life insurance market; Ping An Life