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

ELECTRICITY: Electricity Consumption Reaches 397.5 Billion Kilowatt-hours in August; China's total electricity consumption has reached 397.5 billion kilowatt-hours in August, up 14.69% from the level of the same period of last year and up 2% from that of July. The electricity consumption of the secondary industry fell by 2.1% in August from that of July, while the volume of the tertiary industry has increased by 15.1%.; China Economics Online | 2010-09-15

STIMULUS PACKAGE: NDRC to Investigate Projects Covered by Four Trillion Yuan Stimulus Package; A reporter with the Beijing News has learned from the National Development and Reform Commission (NDRC) that investigators will be sent to determine whether local governments have provided supporting capital for projects covered by the four trillion yuan stimulus package and whether progress has been made on the projects.; The Beijing News | 2010-09-15

ENVIRONMENT: Listed Companies Required to Report Environmental Accidents; The Ministry of Environmental Protection has released Guidelines for Listed Companies to Publicize Environmental Information requiring listed companies to publish temporary reports on sudden environment-related accidents on the day they occur. It also requires listed companies in 16 heavily-polluted sectors, including thermal power generation, steel, cement and electrolytic aluminum, to issue annu...; National Business Daily | 2010-09-15

LOAN: RMB Loans Increase by 545.2 Billion Yuan in August; According to statistics released by China’s central bank, RMB loans have increased by 545.2 billion yuan in August, which is 134.8 billion yuan more than that of the same period of last year, statistics released by the central bank show. As of the end of August, the loan balance of both RMB and foreign currency was up 18.9% from the level of the same period of last year, while deposits have increa...; Financial News | 2010-09-15

REAL ESTATE: Growing or Contracting: Beijing's Conflicting Housing Stats; Statistics released by the capital's Bureau of Statistics yesterday and data presented on the city's Commission of Housing and Urban-Rural Development website devoted to monitoring real estate transactions, give conflicting accounts of the amount of new commercial residential housing sold in Beijing in August. According to the stats bureau, 630,000 square meters of newly-constructed commercial rea...; Sina Real Estate | 2010-09-14

PUBLIC SECURITY: Guangzhou Begins Roll-out of Registration Requirements for Knife Purchases; Some areas in Guangzhou are already requiring people who want to buy various kinds of large kitchen knives to provide their name, address, I.D number and additional information. According to this report, the requirenebt will gradually be rolled out across the city this month. The regulations were first flagged by the municipal Public Security Bureau in August and are a temporary measure for the du...; Guangzhou Daily | 2010-09-14

TRAFFIC: Guangzhou's Trial to Limit Traffic Clogs Main Roads; Yesterday, the second trial for Guangzhou’s even-odd license plate system to keep cars off the road on alternate days began. This was the first time the trial took place during the workweek. Because the trial began relatively late in the morning, early morning rush hour took place earlier than usual, between 7am and 9am resulting in a large traffic jam.; Southern Daily Online | 2010-09-14

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Citizens Express Anger toward Local Governments by Committing Suicide: On September 10th, in an effort to save their home, three family members attempted self-immolation.; Source:Sourthern Daily

CASS: 40% of Government Income from Non-tax Revenue: The Chinese government collected 10.8 trillion yuan in fiscal revenue in 2009, equivalent to 32.2 percent of the country's GDP for the year.; Source:China Academy of Social Science

ADVERTISING: Interview with Sir Martin Sorrell - Chief Executiv...; The EO sits down with the chief executive of the world's largest advertising group