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

LAW: Supreme People's Court Releases Clear Definition of "Malicious Overdraft"; The Supreme People's Court and Supreme People's Procuratorate released a judicial interpretation that clarifies several criminal law articles concerning credit card fraud yesterday. The authorities described the crime of "malicious overdraft" as being a situation in which a card holder, for the purpose of unlawfully possesing overdrafted funds, has refused to repay the money he/she has overdrafted...; China Business News | 2009-12-16

CURRENCY: Central Bank Raises RMB Exchange Limits in Macao; China's central bank yesterday announced that it would raise the quota of RMB that Macao citizens are allowed to exchange. After the adjustment, Macao residents will be permitted to exchange 20,000 yuan each transaction, up from the current limit of 6,000 yuan.; The Beijing News | 2009-12-15

HOUSING: State Council Orders Curbing of Rising House Prices; China's State Council yesterday held an executive meeting to discuss possible measures that could be taken to encourage the healthy development of the country's real estate market in response to the rapid rise in housing prices in some cities. Members of the council decided to accelerate the construction of new housing projects for low-income citizens.; China News Service | 2009-12-15

AUTO: Beijing Automobile Acquires Saab's Technology Assets; Beijing Automobile Industry Holding Company (BAIC) yesterday announced that it had completed acquisition of intellectual property from Saab, a Swedish automaker. Earlier reports revealed that BAIC had secured a 20 billion yuan from the Bank of China in order to finance the deal.; China Securities Journal | 2009-12-15

CRIME: Billionaire Gome Founder to go on Trial on Christmas Day; Yang Zhaodong, defense attorney of Huang Guangyu, founder of Gome, the country's largest home appliance retailer, revealed that a Beijing court has set a hearing date for the billionaire's trial of December 25 this year. Huang has spent the past 12 months in police custody on suspicion of commiting various financial crimes.; China National Radio | 2009-12-14

ECONOMICS: China Reports on Death of Paul Samuelson; Paul Samuelson, the first American to win the Nobel Memorial Prize in Economic Sciences, died at his home in Massachusetts yesterday. Many Chinese newspapers and web portals are commenting on the influence of his classic Economics, an influential textbook that aided the systematic disemination of western economic theories throughout China over the past three decades.; China News Service | 2009-12-14

CORRUPTION: High-level Shanghai Official Investigated; Cai Zhiqiang, chief of Putuo District in Shanghai is being investigated by the communist party discipline department on suspicion of violating various laws and regulations.; The Beijing News | 2009-12-14

First Previous 1 2 3 4 5 6 7 Next Last GO Total 38 Page

China's CPI Turns Positive as Trade Strengthens: China's CPI returned to positive growth in November with food prices up 3.2 percent year-on-year in November.; Source:National Bureau of Statistics

Sneak Preview of Hu Shuli's New Caixin Project: Signs of what Hu Shuli's next media project will look like emerged on her new Sun Yat-Sen University-hosted website on Monday.; Source:Sun Yat-Sen University

REGIONS: China's Economic Zones: A Regional Round-up; A look at the important economic developments shaping China's regions.