Economic Observer News- China business, politics, law, and social issues

PROPERTY: Beijing Locals Awarded Property as Compensation for Eviction to be Considered as...; According to the Beijing government, residents who have been awarded property as compensation for eviction from their former property, will be considered as existing home owners under new regulations that strictly limit property purchases in the capital. Policy makers also announced that all property transactions that took place after midnight on Feb 17, 2001, will be subject to the new regulation...; The Beijing News | 2011-03-09

FINANCE: Supervisory Body Drafting Regulations Requiring Officials to Make Personal Finan...; The discipline committee of the central committee of the CPC is in the process of drafting regulations that will require some officials to make their family finances public, Ma Wen, deputy secretary of the Central Discipline Inspection Committee (CDIC) and Minister of Supervision told reporters yesterday. Ma went on to say that, though much progress had been made in the drafting of the new regulat...; Beijing Times | 2011-03-09

SPENDING: Foreign Visits, Vehicle Purchasing, and Event Hosting Expenditures Will be Publi...; To increase transparency, the central government will publish foreign visit, vehicle purchasing, and event hosting expenditures beginning with expenditures in June of 2010. Gao Qiang, the director of the budget working committee of the standing committee of the National People’s Congress, told the Southern Metropolis Daily.; Southern Metropolis Daily | 2011-03-07

SPENDING: Central Government to Spend Two Thirds of Total Budget on Quality of Life Improv...; The central government is planning to spend two thirds of their 10 trillion yuan budget on fields such as education, health, social security, and employment. This represents an increase of about 18.1 percent compared to last year, according to the budget report submitted to the National People’s Congress.; West China City Daily | 2011-03-07

GOVERNMENT REVENUE: Local Governments Collect 2.9 Trillion Yuan in Land Grant Fees; Local governments collected over 2.9 trillion yuan from land grant fees in 2010. This exceeded the projected amount by 113%, according to the budget report submitted by the Ministry of Finance to the National People’s Congress.; People's Daily | 2011-03-07

SOE: Only 20% COE Profits Retained by Companies; Although centrally owned enterprises (COEs) earn over one trillion yuan in profits, only about 200 billion yuan of these profits flow back to these companies according to Wang Yong, director of the State-owned Asset Supervision and Administration Commission (SASAC). Wang told a reporter from the Beijing News the remaining 80% of COE profits flow to either the central government in the form of taxe...; The Beijing News | 2011-03-07

POOR: Poor County in Chongqing to Construct 1.3 Billion Yuan Airport; Chongqing's Wushan County plans to invest 1.3 billion yuan to construct an airport so as to promote the local tourism industry. Despite being officially recognized as a national-level "poor county," the Wushan airport project has already been approved by the State Council and construction is slated to begin in 2012.; People's Daily Online | 2011-03-04

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Beijing Residents Shaken as Earthquake Strikes Japan: Beijing residents feel the impact of the earthquake in northeast Japan.; Source:Economic Observer Online

China's CPI Up 4.9% in February: Food prices were up 11% with the average price of vegetables increasing by 15.2 percent; Source:National Bureau of Statistics

POLICY: China Policy Barometer 2011 (Part I); A look at what the heads of 23 central government departments view as the most important g...

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