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

POVERTY: China May Raise Official Poverty Line; China is considering raising the official poverty line from 1,196 yuan per year to 1,400 yuan as part of its ten-year poverty-alleviation plan.; Lianhe Zaobao | 2010-10-28

RESOURCES: China May Implement Rare Earth Resources Reserve System Next Year; “China will establish a reserve system for rare earth resources next year and expand its rare earth reserve volume,” an anonymous source from the Chinese Society of Rare Earths told a reporter from the 21st Century Business Herald.; 21st Century Business Herald | 2010-10-28

BUSINESS: Guoxin Asset Management Company Yet to be Officially Established; The Guoxin Asset Management Company has still not been formally unveiled. There will be a press conference once the company is officially established, according to the information center of the State-Owned Asset Supervision and Administration Commission (SASAC). This follows reports in the domestic financial press that SASAC was planning to formally unveil the new asset management company, which i...; Securities Daily | 2010-10-28

ANIMAL RIGHTS: Animal Performances to be Strictly Prohibited; The Ministry of Housing and Urban-Rural Development announced recently that all types of animal performances will be cancelled within three months. Some local governments and zoos give too much importance to economic benefits which has led to unnecessary deaths of animals. Some zoos have been turned into profit-making organizations through animal performances.; The Beijing News | 2010-10-27

LANGUAGE: Chongqing Announces Authorized English Translation of “Hot Phrases”; The Chongqing Foreign Affairs Translation Center has provided the authorized English translation of five of Chongqing’s “hot phrases” in order to reduce misconceptions among foreigners. Because the “hot phrases” have Chinese characteristics, different translations may mislead foreigners.; Chongqing Morning News | 2010-10-27

KOREAN WAR: China Announces Korean War Death Toll; China has announced that the number its officers and soldiers killed in the Korean War is 183,108. Chinese state media say the figure comes from statistics from the museum for commemoration of the War to Resist U.S. Aggression and Aid Korea in Dandong, Liaoning.; Xinhua News Agency | 2010-10-27

TAX: Tax on Imports of Large-Scale Environmental Protection Equipment Adjusted; China has announced an adjustment of the import taxes imposed on equipment related to environmental protection and resource utilization, exempting components of some technical equipment items from paying import taxes according to a notice co-released by the Ministry of Finance, General Administration of Customs, State Administration of Taxation and the Ministry of Industry and Information Technolo...; Xinhua News Agency | 2010-10-27

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Chongqing Universities Pressure Students to Change their Hukou: The task of altering rural household registration has fallen to various vocational universities...; Source:

Domain Host Ordered to Take Down Popular Film Website: The website was taken down in accordance with a notice issued by the BCA, which said the site had been "disseminating pornography and obscenity"; Source:Southern Metropolis

BOOK REVIEW: October Issue of EO's Book Review; A Chinese translation of the Durants' The Story of Civilization, Mr Playboy and interview ...