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

LAW: New Law Requires Family Members of Senior Citizens to “Go Back Home”; The central government has finished revising the Law for Seniors. The draft law requires family members of seniors citizens who live alone to frequently pay visits to their relatives. There are 167 million senior citizens in China, half of whom live separately from their children and other relatives.; Xinhua News Agency (Shandong Business New) | 2011-01-05

RARE EARTH: China's First Batch of Rare Earth Export Quotas for 2011 Drops by 50%; Based on calculations using statistics for 2010, China's first batch of rare earth export quotas in 2011 has dropped by half; though the entire annual export quota is still not fixed, an anonymous source told a reporter from the China Securities Journal. However, the entire export quota of rare earth in the coming year is not exactly comparable with that of 2010 because in 2011, the Ministry of Co...; China Securities Journal | 2010-12-31

PROPERTY: List of 26 Plots of Idle Land Published; The Ministry of Land Resources has released a list of 26 plots of land that have been kept idle during the past few years on its website. The plot of land which has remained idle for the longest time belongs to the Fujian Dongjia Development Corporation. It has been kept undeveloped for 17 years since the developer gained the property.; The Beijing News | 2010-12-31

: Beijing Announces Strengthening of Supervision on Affordable Housing; The Beijing government released a notice yesterday announcing the strengthening of late stage supervision for affordable housing. The Beijing government will require tenants who no longer meet qualifications for affordable housing to pay rent equal to that of public rental houses. This new policy will take effect on February 1, 2011.; The Beijing News | 2010-12-31

MIGRANT WORKERS: Chengdu to Eliminate "Registration Form of Temporary Residents" Tomorrow; As of tomorrow, Chengdu City in Sichuan Province will replace all "registration forms of temporary residents" with the "registration forms of residents" and provide three million migrants with 12 social benefits which used to only be provided to local residents, the local government stated in a press conference held on December 30.; Western China Metropolis Daily | 2010-12-31

CRIME: Local Police Says Death of Village Head Was a "Traffic Accident"; Four days after Qian Yunhui, head of the Zhaiqiao Village in Wenzhou City of Zhejiang Province, died, the local police station claimed his death was a traffic accident despite the rumor being spread across the internet that he was in fact murdered. It has been reported that in the 20 days after he was elected as the head of his village, Qian Yunhui had been seeking justice for his fellow villagers...; The Beijing News | 2010-12-30

TRANSPORT: Travelers to take 2.8 Billion Train Journeys During the Spring Festival; The National Development and Reform Commission (NDRC) has predicted in a notice that travelers will take 2.8 billion train journeys during the coming Spring festival period, up 11.6% on the level of last year. The NDRC has required local governments and related departments to establish an emergency mechanism to prevent and reduce uncertainties during the travel spree.; The Beijing News | 2010-12-30

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High-level Railway Executive Under Investigation: The former chairman of China Railway Container Transport Company is suspected of serious "violations of discipline"; Source:Economic Observer Online

Food and Drug Safety Official Expelled From Position and Party: Zhang Jingli, the former vice director of the State Food and Drug Association was expelled from the CPC; Source:Economic Observer Online

: Economic Observer's 2010 Year End Special; The top stories of 2010 displayed through slideshows, timelines, buzz words, maps, graphs,...