Allows Small and Big Businesses to Co-exist
Editorial, page 1
We applaud a move by the State Administration for Industry and Commerce to withdraw policies related to "independent entrepreneurs" in various industries, including management fees that it administers on businesses. and lifting a ban on mobile vendors. We believe that a fair business environment provides rooms for both small and large scale businesses to co-exist and thrive.
http://www.ok153.com/eeo/jjgcb/2007/09/24/83840.html
Win the Lottery in Five Minutes
Cover story, page 1
A five-minute delay in a computer system used to update the winners' database of Welfare Lottery in Liaoning has allowed a man to siphon 28 million yuan worth of prize money over a two-year period. A lottery stand owner in Liaoning province took advantage of the flaw by repeatedly keying in valid winning numbers sold through his stall during the five-minute window of opportunity, allowing him to pocket the extra prize money. His scam went undetected until the Lottery firm was recently audited. The system provider, Shenzhen-based SinoData Tech, had reportedly compensated the Lottery firm for the defect in its product.
http://www.ok153.com/eeo/jjgcb/2007/09/24/83839.html
Financial Bonds to Curb Excess Liquidity
News, page 1
The China Banking Regulatory Commission is expected to begin allowing financial arms of enterprise groups to issue financial bonds. Sinopec Finance and China Power Finance are likely to be among the first to test the water. The move is believed to be yet another aimed at curbing excess liquidity in the market.
http://www.ok153.com/eeo/jjgcb/2007/09/24/83852.html
Lessons Learned from Zhejiang's Rural Basic Protection Scheme
Nation, page 10
As a pioneer for the national-level rural protection scheme that will come into effect later this year, Zhejiang's system has left many with lessons learned. As early as 1998 Zhejiang was offering full coverage to low-income rural workers, and since 2004 it had started a goods price subsidy system. But it has faced challenges in vetting applicants for financial support and in weening them off of it.
http://www.ok153.com/eeo/jjgcb/2007/09/24/83858.html
Mysterious Avian Flu Outbreak in Sixian Village
Nation, page 10
Since September 5, Sixian town in Guangzhou has seen the death of nearly ten thousand ducks due to avian flu. Farmers are stunned that so many have died despite being inoculated with vaccines. Guangdong's animal disease prevention bureau Yu Yedong insists that the vaccine is fine. But symptoms have yet to emerge in other duck farms, so the source of the outbreak is still a mystery.
http://www.ok153.com/eeo/jjgcb/2007/09/24/83859.html
New Rules on Beijing Low-Income Housing, Second Hand Market Still Controlled
Nation, page 11
On August 13, the State Council promulgated new rules saying that housing that has already been set aside for low-income tenants for five years can now be rented in the open market. But the new rules state that the houses can only be rented for living, not for being re-rented. Owners can only sell the units back to the government after an application process.
http://www.ok153.com/eeo/jjgcb/2007/09/24/83860.html
Hebei Low-Income Housing Reorganization
Nation, page 11
Hebei province is reorganization its low-income housing system. The government will start acting as a middleman in the market in order to prevent speculation and ensure that low-income residents have access to the market.
http://www.ok153.com/eeo/jjgcb/2007/09/24/83861.html
New Report on Costs of Pollution, Calls for Time-Based Fines
Nation, page 12
On September 17, the State Environmental Protection Administration and the US Environmental Defense jointly published a report entitled, "The Efficacy of China's Environmental Supervision and Enforcement". The report says that the costs of abiding by environmental law are 46 times higher than the costs of violating it. As a result, the US Environmental Defense Council's China project manager, Dr. Zhang Jianyu, and Du Dande, the Council's chief economist, have made a plea for China to use fines based on the amount of days that companies violate environmental law.
http://www.ok153.com/eeo/jjgcb/2007/09/24/83862.html
The Logic Behind Forced Moving in Shanghai
Comments, page 16
Commentator Xue Weizhong says that Shanghai's adoption of policy to enforce relocation of students and migrant workers, etc. by cutting electricity is an example of public interest superseding private ones, property rights superseding the right to live, and the rights of locals coming before those from other areas.
http://www.ok153.com/eeo/jjgcb/2007/09/24/83870.html
A-Share Market Poised to Expand, Liquidity Will Fluctuate
Money & Investment, page 17
On September 17, the Construction Bank of China's listed on the A-share market. On this one day, 2.2 trillion yuan in purchase requests were moving through the application process. As securities regulators have shown their interest in expanding the size of the A-share market, many firms are poised to be listed soon. This will absorb a large amount of liquidity and contribute to its short-term fluctuation.
http://www.ok153.com/eeo/jjgcb/2007/09/24/83871.html
CSRC Targets Insider Trading
Money & Investment, page 22
On September 17 China's stock market watchdog, the CSRC, announced that it would begin monitoring press releases and news on listed companies in order to severely prosecute any instances of insider trading.
http://www.ok153.com/eeo/jjgcb/2007/09/24/83882.html
Private Civilian Aircraft Designers Fight for Market Access
Corporation, pageg 27
On September 20, the second day of the Beijing Aviation Exhibition, Guangdong's Glorly Airline Design Company announced the design plans for it's CS (Chinastar) line of airplanes. But as a privately owned civilian aviation company, Glory still faces formidable obstacles to business, since large-scale airplane projects are still led by the government, with private firms only acting as consultants. These small firms are still blocked from becoming the center of the civilian aircraft industry.
http://www.ok153.com/eeo/jjgcb/2007/09/24/83893.html
A Way, But not a Model
Observer, page 41
This past June, the State Council formally approved Chengdu as the pilot area for integrated rural reform, a package of reforms meant to improve public management and social welfare. Regarding Chengdu's reform experiment, Observer interviews Yi Zhongtian, a professor at Xiamen University and a consultant to the project, who stresses the importance of considering democratic politics in such reforms and that democracy should be studied within a democratic environment.
http://www.ok153.com/eeo/jjgcb/2007/09/24/83920.html
