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Liberty Mutual Insurance began operations in China in 1996.

Boston-based property and casualty insurer Liberty Mutual Insurance said it has entered into a joint venture with China-based private enterprise Sanpower Group Co. for its Chinese property and casualty insurance operations. 

Liberty Mutual said Sanpower will hold a 51 percent controlling interest in the company and Liberty a 49 percent minority interest after completion of the transaction and approval by the appropriate regulatory authorities, including the China Insurance Regulatory Commission. 

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