Investors warm to IAG halting China plans

IAG'S share price jumped after the insurer decided to dump plans to increase its presence in China.

IAG is halting its expansion in China after consulting with shareholders.

IAG is shelving its plans to expand in China, delighting investors who had expressed misgivings over the strategy.

THE insurer's share price jumped more than six per cent after it announced it has dumped plans to increase its presence in the world's second largest economy.