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

ENERGY: NDRC: Fuel Prices Are Not Too High; In response to online complaints that China’s fuel prices have risen 2,630 Yuan per ton since June 20, 2008, an anonymous official with the National Development and Reform Commission (NDRC) has said that the price of fuel is actually lower than in 2008. The official claims that while the international price of fuel rose from 45 US Dollars per barrel to around 75 US Dollars per barrel in the past t...; The Beijing News | 2010-08-17

ECONOMY: Bird’s Nest and Water Cube earn 700 Million Yuan in Revenue; The National Stadium (Bird’s Nest) and the National Aquatics Center (Water Cube) boasted revenues of 550 million Yuan and 150 million Yuan, respectively, after the Olympic Games in 2008, said Li Aiqing, board chairman of Beijing State-owned Asset Operation Company. He went on to state that 70% of the revenue came from tickets sales.; People’s Daily Online | 2010-08-17

POLICY: Chongqing Starts Reform of Hukou System; Chongqing, one of the four Chinese cities directly under national jurisdiction, began its reform of the hukou (national registration) system yesterday, allowing non-urban residents who have worked or run businesses for over five years in Chongqing, bought a commercial flat, invested in industry and paid taxes of over 100,000 Yuan over three consecutive years or over 50,000 Yuan in one year, to app...; China Financial News | 2010-08-16

STOCK MARKET: 66.33 Billion Yuan of Restricted Shares to be Tradable This Week; Based on their August 13 closing price, an estimated 66.33 billion Yuan of restricted shares may be freely transferred on the stock market this week; with the largest amount of shares belonging to China Southern Airlines Company with 25.08 billion Yuan worth of previously restricted shares.; The Beijing News | 2010-08-16

ENERGY: China to Release Alternative Energy Promotion Project in September; The Chinese government is planning to release a project promoting its alternative energy sector in mid-September, a reporter learned from an unnamed source in the National Energy Commission yesterday. The source also stated that the Information Office of the State Council will hold a news briefing to release details of the proposed project.; China Securities Journal | 2010-08-16

HEALTH: Ministry of Health: No Link Found Between Milk Powder and Early Onset of Sexual ...; The Ministry of Health held a news briefing to release results of the investigation into Syrutra milk powder, the product blamed for causing early onset of sexual maturity among female infants. Results demonstrate no link between the Syrutra milk power and the alleged symptoms, but they do indicate that the product contains estrogen.; The Beijing News | 2010-08-16

CENTRAL BANK: Central Bank Stops Issuing Three-Month Term Bills; The People's Bank of China has stopped issuing three-month-term bank bills this week, according to a notice published on the bank website. Meanwhile, it issued 86 billion Yuan of three-year-term central bank bills yesterday, one billion Yuan more than the number of bills issued last week.; National Business Daily | 2010-08-13

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China Appoints Old Hand to Revived Trade Representative Position: After leading trade negotiations with the US and EU 5 years ago, Gao Hucheng is back as China's new International Trade Representative; Source:Ministry of Commerce

China's Hidden Income: Economist Wang Xiaolu investigates how much China's rich really are earning; Source:Credit Suisse

EUROPE: Interview: Chief Economist of the European Policy ...; As part of our ongoing series of interviews focused on the future of European, the EO disc...