2 8 Geneva Geneva NNP 8 9 , , , 10 13 May May NNP 14 16 10 10 CD 17 18 ( ( ( 18 24 XINHUA XINHUA NNP 24 25 ) ) ) 26 28 – -- : 29 32 The the DT 33 40 insurer insurer NN 41 46 Swiss Swiss NNP 47 51 Life Life NNP 52 55 has have VBZ 56 62 pulled pull VBN 63 66 the the DT 67 71 plug plug NN 72 74 on on IN 75 78 its its PRP$ 79 86 planned planned JJ 87 96 expansion expansion NN 97 99 in in IN 100 105 China China NNP 105 106 , , , 107 117 preferring prefer VBG 118 120 to to TO 121 132 concentrate concentrate VB 133 135 on on IN 136 139 its its PRP$ 140 144 core core NN 145 153 European european JJ 154 161 markets market NNS 161 162 , , , 163 172 according accord VBG 173 175 to to TO 176 177 a a DT 178 184 report report NN 185 187 by by IN 188 193 Swiss Swiss NNP 194 199 Radio Radio NNP 200 213 International International NNP 214 215 ( ( ( 215 218 SRI SRI NNP 218 219 ) ) ) 219 220 . . . 227 230 The the DT 231 238 company company NN 239 243 said say VBD 244 246 on on IN 247 253 Friday Friday NNP 254 256 it it PRP 257 260 had have VBD 261 268 already already RB 269 275 closed close VBN 276 279 its its PRP$ 280 294 representative representative JJ 295 301 office office NN 302 304 in in IN 305 314 Guangzhou Guangzhou NNP 315 319 city city NN 319 320 , , , 321 329 southern southern JJ 330 335 China China NNP 335 336 , , , 337 340 and and CC 341 344 was be VBD 345 347 in in IN 348 351 the the DT 352 359 process process NN 360 362 of of IN 363 370 closing close VBG 371 378 another another DT 379 381 in in IN 382 389 Beijing Beijing NNP 389 390 . . . 391 392 A a DT 393 404 spokeswoman spokeswoman NN 405 409 said say VBD 410 413 the the DT 414 421 insurer insurer NN 422 425 did do VBD 426 429 not not RB 430 434 have have VB 435 436 a a DT 437 444 license license NN 445 447 to to TO 448 452 sell sell VB 453 457 life life NN 458 467 insurance insurance NN 468 470 in in IN 471 476 China China NNP 476 477 . . . 484 487 SRI SRI NNP 488 496 reported report VBD 497 501 that that IN 502 507 Swiss Swiss NNP 508 512 Life Life NNP 513 520 decided decide VBD 521 523 to to TO 524 528 pull pull VB 529 532 out out IN 533 535 of of IN 536 539 the the DT 540 547 Chinese chinese JJ 548 554 market market NN 555 562 earlier earlier RBR 563 567 this this DT 568 572 year year NN 572 573 . . . 574 578 Last last JJ 579 584 month month NN 584 585 , , , 586 588 it it PRP 589 598 announced announce VBD 599 601 it it PRP 602 605 was be VBD 606 613 cutting cut VBG 614 617 800 800 CD 618 622 jobs job NNS 623 632 worldwide worldwide RB 633 635 as as IN 636 640 part part NN 641 643 of of IN 644 645 a a DT 646 654 recovery recovery NN 655 659 plan plan NN 659 660 . . . 667 670 The the DT 671 678 company company NN 679 682 ran run VBD 683 687 into into IN 688 695 trouble trouble NN 696 701 after after IN 702 704 an an DT 705 714 expansion expansion NN 715 720 drive drive NN 721 724 cut cut VBD 725 729 into into IN 730 737 profits profit NNS 737 738 . . . 739 742 The the DT 743 749 bottom bottom JJ 750 754 line line NN 755 758 was be VBD 759 763 also also RB 764 767 hit hit VBN 768 772 when when WRB 773 783 management management NN 784 790 failed fail VBD 791 793 to to TO 794 798 rein rein VB 799 801 in in RP 802 807 costs cost NNS 807 808 . . . 815 818 The the DT 819 825 report report NN 826 830 said say VBD 831 835 that that DT 836 843 Chinese chinese JJ 844 852 mainland mainland NN 853 856 was be VBD 857 861 seen see VBN 862 864 as as IN 865 866 a a DT 867 874 massive massive JJ 875 884 potential potential JJ 885 891 market market NN 892 895 for for IN 896 904 insurers insurer NNS 904 905 , , , 906 909 who who WP 910 916 should should MD 917 921 find find VB 922 924 it it PRP 925 934 gradually gradually RB 935 941 easier easy JJR 942 944 to to TO 945 949 sell sell VB 950 955 their their PRP$ 956 964 products product NNS 965 968 now now RB 969 973 that that IN 974 981 Beijing Beijing NNP 982 985 had have VBD 986 992 joined join VBN 993 996 the the DT 997 1002 World World NNP 1003 1008 Trade Trade NNP 1009 1021 Organization Organization NNP 1021 1022 . . . 1023 1026 The the DT 1027 1034 Chinese chinese JJ 1035 1044 insurance insurance NN 1045 1051 market market NN 1052 1056 grew grow VBD 1057 1059 40 40 CD 1060 1067 percent percent NN 1068 1070 in in IN 1071 1075 2001 2001 CD 1075 1076 . . .