HONG KONG (Thomson Reuters Foundation) - Ma Rongda, a tea grower for nearly 30 years, knows how badly his business can be affected by extreme weather. But when heavy snow and cold hit his tea garden earlier this year, Ma was not as worried as he used to be.
“I bought insurance for my tea plantations,” he explained. For an annual premium of some 7,000 yuan (815 pounds), the 46-year-old received compensation of more than 220,000 yuan – enough to cover all of his production costs last year.
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