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

SOCIETY: Public Security Ministry Orders to Stop Humiliation of Criminals; Recently, the Ministry of Public Security issued a notice requiring local police bureaus to stop parading those accused of prostitution or other crimes due to the emotional harm it causes the suspects.; Xinhua | 2010-07-29

HOUSING: Average Housing Price Within Beijing's Fourth Ring Road Climbs to 35,000 Per SM; Beijing Municipal Statistics Bureau yesterday announced that the average price for housing within the fourth ring of Beijing has approached 35,000 yuan per square meter.; The Beijing Times | 2010-07-23

LAW: Former Senior Public Security Official Put in Jail; Xiang Huaizhu, former deputy chief of the Economic Crime Investigation Bureau of the Ministry of Public Security was sentenced to 12 years in jail after a Beijing court convicted him of accepting over 1 million yuan worth of bribes on July 23.; Caixin | 2010-07-23

Demographics: Floating Population in Beijing Exceeds 10 Million; According to the latest statistics, the registered floating population in Beijing municipality reached 7.6 million in the end of 2009; including the amount of unregistered migrant workers and soldiers stationed in Beijing, the total floating population in Beijing has exceeded 10 million.; The Beijing News | 2010-07-23

POLITICS: Policemen Who "Beat up the Wrong Person" Receive Slight Punishment; Chen Yulian, wife of a Hubei provincial politics and law committee official who was badly beaten by plain-clothes policemen on June 23, said those three policemen should be removed from their positions; however, they only received a "record of demerit" as a punishment.; The Beijing News | 2010-07-22

RMB CURRENCY: RMB Appreciates 22% Against the US Dollar Over a Five Year Period; The RMB currency has appreciated by 22% against the US Dollar over the past five years, creating an annual growth rate of 5%, statistics from China Foreign Exchange Trading Center show. Yesterday was the five-year anniversary of the reform of the RMB exchange rate formation mechanism.; The Beijing News | 2010-07-22

: Shenzhen Subway to Suffer 22 Billion Yuan Worth of Losses in Five Years; Shenzhen subway is predicted to suffer a loss of 22 billion yuan from 2012 to 2016, according to Huang Rui, board chairman of the Shenzhen Subway Group. This huge loss is attributed to its low ticket price of 2.8 yuan per person while the actual cost per rider is 5.9 yuan. Despite this loss, the China still plans to invest 1.1568 trillion yuan in constructing subway systems in dozens of cities.; China Securities Journal | 2010-07-22

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Recent Environmental Accidents Inevitable: Although recent environmental disasters in China appear to be accidental, they are inevitable...; Source:21st Century Business Herald

China's GDP Grows 11.1% in First Half of 2010: China's gross domestic product (GDP) registered a year-on-year increase of 11.1 percent in the first half of 2010.; Source:The National Bureau of Statistics

EUROPE: Interview with Member of the Executive Board of th...; We talk to Gertrude Tumpel-Gugerell about the outlook for the European economy, institutio...