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

MARITIME BORDERS: 214 Incidents of Foreign Aircraft Illegally Entering China's Airspace Detected i...; Yesterday, the State Oceanic Administration of China published a report on the administration of the country's maritime borders. According to the report, China's marine surveillance authorities detected a total of 1,303 incidents of boats and 214 incidents of aircraft entering the country's territorial waters. A total of 750 million yuan in fines were issued by authorities for violations.; Beijing Times | 2011-05-03

SUICIDE: Luoyang Public Security Official Commits Suicide; Zhang Guangsheng, a high-ranking official in Luoyang's Public Security Bureau, died after falling from the top floor of a 33-story building yesterday afternoon, the local police believe that the secretary of the city's discipline inspection committee committed suicide. According to an official document about the case released by the Luoyang PSB, Zhang suffered from insomnia and depression. An offi...; Caixin Media | 2011-04-29

CROPS: llegal GM Crops Discovered in Northeast China; A joint team organized by the ministries of Agriculture, Science and Technology, Health and Environmental that conducted on the ground investigations into the illegal planting of genetically-modified seeds in Shandong, Shanxi and North Eastern provinces of China are in the process of writing their final reports,according to sources, the most serious breaches of laws against planting GM crops are t...; National Business Daily | 2011-04-29

REGULATIONS: New Regulations to Reduce Restrictions on Small Private Businesses; The State Council formally issued "Regulations on Individual Industrial and Commercial Households" yesterday. As of Nov 1, 2011, the new rules will replace the current regulations that have applied for 24 years.Many of the restrictions placed on China's 34 million self-employed households, including limits on the number of employees they can hire and the sectors they are permitted to operate in, w...; China Radio International | 2011-04-29

LOANS: 509.5 Billion Yuan in New Loans Flow into Real Estate in Q1; On April 28, China's central bank released financial data for the first quarter. The report revealed that major financial institutions, rural financial institutions and urban credit cooperatives had issued a total of 509.5 billion yuan in loans to the real estate sector, 333.8 billion yuan less than was issued during the same period last year.; China Securities Journal | 2011-04-29

TAX: Prices Not Falling in Spite of Pilot Property Tax; Despite the introduction of a trial new property tax 3 months ago, housing prices in Shanghai and Chongqing have not fallen and have actually increased a little, though there have been a marked downturn in trading volume.; China News Agency | 2011-04-28

POLICY: Guangdong Introduces Energy Restriction Policies; The Economic & Information Commission of Guangdong Province has said that currently there is a shortage of approximately 1 to 2 million kilowatt of electricity every day in the province and that this might climb to a daily shortage of 4 million kilowatts as consumption peaks over the summer. In response to the shortage, Guangdong has ordered 8 energy-intensive industries to start production at dif...; Guangzhou Daily | 2011-04-28

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Chongqing Hilton Shareholder Peng Zhimin Sentenced to Life in Prison: Another gang-related trial in Chongqing involving bribery of officials ends with life sentence for gang leader; Source:Economic Observer Online

What Was Behind the Steep Fall in China's B-shares?: Rumors questioning the likelihood of a merger of B-shares with either A-shares or a new International Board appear to have led to steep decline in the B-share index; Source:Economic Observer Online

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

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