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    POLITICAL
    Proposal to Make Shenzhen a Municipality Directly Under Control of the Central G...
    Gao Jingde, a member of Chinese People's Political Consultant Conference, has suggested making Shenzhen the fifth Chinese city that's directly under the control of the central government. Statistics released by the city show that the Shenzhen's GDP reached 951 billion yuan in 2010, exceeding those of other centrally-controlled municipalities like Tianjin and Chongqing.
    People's Daily Online | 2011-03-04
    BANK
    Additional Reserve Ratio Hikes Predicted for this Month
    China's central bank injected a net 103 billion yuan into the money market this week through its open market operations, the 16th consecutive week that the central bank has added liquidity to the money market. It now appears inevitable that the central bank will once again raise required reserve ratios of the country's large lenders this month. However, some analysts argue that even if policy make...
    China Securities Journal | 2011-03-04
    DEVELOPMENT
    Chengdu-Chongqing to become Western China’s Economic Center
    In the next five years, the State Council will develop and promote the Chengdu-Chongqing area as the economic center of western China and a base for modern industries. The council also approved in principle to readjust personal income tax and raise the taxation threshold.
    West China City Daily | 2011-03-03
    INTERNET
    China Telecom to Increase Internet Speed Tenfold by 2015
    According to a company insider, China Telecom is planning to build a fiber optic network in the next five years that covers over 100 million internet users, making it the world’s largest broadband service. The company also plans to increase internet speed tenfold from 2011 to 2015.
    Southern Daily | 2011-03-03
    SOCIETY
    Social Subsidies System to Be Tethered to GDP Growth
    Five ministries, including the National Development and Reform Commission (NDRC), Ministry of Civil Affairs, Ministry of Human Resources and Social Security, Ministry of finance and National Bureau of Statistics, have co-released a notice asking local governments to establish a social subsidy system that will be adjusted based on GDP growth rate.
    National Business Daily | 2011-03-03
    BANKING
    President of Qilu Bank Dismissed for Forging Financial Bills
    President, board chairman and chief commissioner of Qilu Bank located in Shangdong Province’s Jinan City have been suspended and will be held responsible for counterfeiting activities discovered last year. The China Banking Regulatory Commission is demanding that Qilu Bank penalize the guilty individuals in their internal proceedings.
    The Beijing News | 2011-03-03
    POPULATION
    As Population Ages, Number of Chinese Students Declines
    As of 2011, there will be a gradual decline in the number of students at every level. According to the Blue Paper Report released by the 21st century Education Research Institute, high schools will face a decreasing number of applicants in coming years.
    The Beijing News | 2011-03-02
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    Briefs

    Highlights of China's Economic Statistics for 2010
    Highlights from the NBS report on the major economic and social developments in China in 2010.
    Source:National Bureau of Statistics
    Opinions on Seed Industry Development to Be Released in March
    The Economic Observer has learned that new policies concerning the seed industry will soon be issued.
    Source:The Economic Observer Online
    BOOK REVIEW
    February 2011 Issue of EO's Book Review
    Interviews with historian Gao Hua (高華), academic Du Junfei (杜駿飛) and well-known author Yue...

    Interactive

    A recent CCTV survey shows that 44.7% of Chinese citizens are happy, and 11.1% believe they are unha...
    Tracking the global expansion of China's oil companies

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