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

CRIME: Chen Shui-bian Sentenced to 19 Years in Prison; Chen Shui-bian, the former Taiwanese leader, was sentenced yesterday to 11 years in prison and an additional 8 years for receiving bribes and money laundering. His wife, Wu Shu-zhen, will remain in prison for 19 years and seven months, according to the verdict of Taiwan’s supreme court.; Xi'an Daily | 2010-11-12

FISCAL REVENUE: China's Fiscal Revenue in First Ten Months Exceeds Seven Trillion Yuan; China's fiscal revenue has reached 7.08 trillion yuan in the first ten months of this year, up 21.5% from the same period last year, statistics from the website of the Ministry of Finance show. Tax income accounts for 6.28 trillion yuan of total fiscal revenue, up 22.6% from last year.; The Beijing News | 2010-11-12

INFLATION: It's Time for "Chinese-style Anti-inflation" Measures; As the growth rate of China's CPI surged to 4.4% in October, the country is facing a severe anti-inflation battle. Sheng Laiyun, National Bureau of Statistics spokesman, attributes the surging CPI to rising food and housing prices. Food prices are up by 10.1% from the level of the same period last year and accounts for 74% of the CPI. Housing prices increased by 4.9% and account for 16.6% of the C...; National Business Daily | 2010-11-12

HEALTHCARE: Minister of Health: Developing County-level Hospitals Will Be Our Top Priority; Chen Zhu, Minister of Health stated yesterday that because medical resources are pouring into big hospitals, medical services are now expensive and difficult to obtain. He went on to say that the next step in reforming China’s medical system is to make developing county-level hospitals a top priority.; The Beijing News | 2010-11-12

INFLATION: NDRC Official Proposes Subsidies as Means to Ameliorate Effect of Rising Prices; During a Q&A session hosted by the People's Daily yesterday, Zhou Wangjun - deputy director of the National Development and Reform Committee's office concerned with monitoring prices - responded to questions from Chinese internet users about rising prices and inflation. Mr. Zhou suggested that the government should provide a special allowance to citizens in order to maintain the affordability of c...; People's Daily Online | 2010-11-11

HEALTH: 57,000 Workers Diagnosed with Pneumoconiosis in China Every Year; A survey carried out by China's Coal Mine Safety Supervision Bureau, the All-China Federation of Trade Unions and the China Occupational Safety and Health Association, found that 57,000 Chinese workers are diagnosed with pneumoconiosis, a serious lung condition, every year. It's also estimated that 6,000 workers die from the condition every year.; Southern Weekly | 2010-11-11

CORPORATION: Gome's Huang Guangyu and Chen Xiao Settle Dispute; Gome, China's largest electrical products retailer and Shinning Crown, a holding company controlled by the Gome's jailed founder and former CEO Huang Guangyu, announced that they has signed a memorandum of understanding late on Wednesday evening. As part of the agreement, Zou Xiaochun and Huang Yanhong will be added to the company's board, expanding the size of Gome's board to 13. Analysts say tha...; China Business News | 2010-11-11

First Previous 1 2 3 4 5 6 7 Next Last GO Total 147 Page

Shanghai Composite Index Plummets to Below 2,900 Points: After climbing to back above 3,000 points on Monday, the Shanghai Composite Index fell 3.98 percent during Tuesday's trading; Source:The Economic Observer

More High-level Shenzhen Officals Under Investigation for Corruption: More officials implicated in relation to ongoing corruption case against former mayor Xu Zongheng; Source:The Economic Observer

EO QUARTERLY: The EO Quarterly - Autumn; Highlights from the Autumn edition of the EO Quarterly