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

EDUCATION: Central Government Proposes 10 Measures to Address Affordability of Preschool Ed...; Yesterday, the State Council officially published several suggestions (dated November 21) outlining central government's approach to improving public access to affordable preschool education. The notice defined pre-school education as a form of "public-welfare" and also stated that, starting from next year, in keeping with the current principle of families shouldering a reasonable share of the cos...; The Beijing News | 2010-11-25

PROPERTY: New Draft Regulations Covering Compensation for Expropriated Properties Emerges; According to a report in the Legal Daily, after draft regulations related to the compensation for the destruction of property built on state-owned land were released for public comment in January this year, a new draft of the regualtions has now emerged. According to reports, one of the highlights of the updated draft is that the process of providing compensation will be more market-based and more...; Shenzhen News Online | 2010-11-24

STATE-OWNED ENTERPRISES: 13 Central Enterprises to Begin Providing Additional Incentives to Executives an...; The State-owned Asset Supervision and Administration Commission (SASAC) released a notice on its website yesterday (though the document says the notice was released on October 11) announcing a pilot program that will offer bonus incentives to staff at 13 centrally-owned enterprises (COE). According to the notice, technicians engaged in important research and essential management personnel who have...; Oriental Morning Post | 2010-11-24

STOCK MARKET: Hong Kong Stock Exchange to Alter Trading Hours; The Hong Kong Stock Exchange will extend trading hours in order to synchronise trading with that on the mainland's A-share market, the board's chairman Ronald Arculli announced on November 22. As of March 7, 2011, trading will begin at 9am, an hour earlier there the current 10am opening bell. The trading hours will be extended a further half an hour, to a total of five and a half hours, when trade...; Beijing Business Today | 2010-11-23

SHANGHAI FIRE: Each Victim of Shanghai Fire to Receive 960,000 Yuan in Compensation; At a press conference organized by the Shanghai Municipal People's Government devoted to discussing the deadly November 15 fire, the mayor of Shanghai's Jing'an district Zhang Renliang announced that each victim of the fire will receive about 960,000 yuan in compensation. The compensation will consist of 650,000 yuan for each death and 310,000 in other payments. The mayor emphasised that the compe...; Xinmin News | 2010-11-23

KOREA: Artillery Shells Fired by North Korea at South Korean Island; South Korea's YIN news channel has reported that Yeonpyeong Island was attacked by dozens of artillery shells shot by its northern neighbor this afternoon, leaving four solders and two civilians injured and damaging dozens of buildings and residential houses. The South Korean military returned fire.; Xinhua News Agency | 2010-11-23

CAR: Possible Reform of Central Government's Car Management System; A reporter with the New Express has learned from an anonymous source that the National Development and Reform Commission is considering reforming the way the central government's car pool is managed. Atthis year's National Peoples Congress, the central committee of the Revolutionary Committee of Chinese Kuomintang suggested that that central government establish a rigid budget system related to th...; New Express | 2010-11-23

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Interview: Rui Chenggang on the Obama Press Conference in Seoul: The CCTV anchor man responds to criticisms of his claim to represent all of Asia; Source:The Economic Observer

China Eastern Airlines to Cut Staff: In light of their merger with Shanghai Airlines, China Eastern Airlines will soon announce wide-scale personnel changes...; Source:Economic Observer Online

FIVE-YEAR PLAN: The 11th Five-year Plan - A Report Card; What stopped several central government departments from achieving their targets?