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

LAW: Beijing Court Clears Baidu of IPR Infringement; Beijing First Intermediate People's Court has ruled against the International Federation of the Phonographic Industry in their intellectual property rights infringement case against Baidu.; Sina | 2010-01-28

CORRUPTION: State Administration of Foreign Exchange Official Arrested; The People's Procuratorate of Beijing has approved the arrest of Xu Mangang, former director of the State Administration of Foreign Exchange's supervision and inspection department. Sources familiar with the case say thay he's being held on suspicion of receiving bribes.; Caijing Magazine | 2010-01-28

CORRUPTION: Police Confirm Detention of High-Ranking Football Officials; China's public security bureau yesterday confirmed that Nan Yong and Yang Yimin, both vice chairman of Chinese Football Association, had been officially detained on suspicion of match fixing and gambling in the Chinese domestic football league.; Xinhua News Agency | 2010-01-28

ENVIRONMENTAL TAX: Motor Vehicle Emission Tax Considered as Part of Proposed Environmental Tax; The Chinese government is considering imposing a tax on car emissions, according to Zhang Yanyou, deputy director of the Beijing Development and Reform Commission. Zhang revealed to media yesterday that the central government was looking into the possibility of charging a tax which was graded according to the amount of emissions produced.; The Beijing News | 2010-01-27

ENERGY: Electricity Consumption Up 30% in January; An expert with the State Grid, one of China's two major energy suppliers, yesterday predicted that national electricity consumption would be up by 30% in January when compared with last year's figures.; China Securities Journal | 2010-01-27

FINANCE: Yields on Central Bank Bills Remain Steady; The yield offered on one-year notes issued by the People's Bank of China on Tuesday remained steady, ending a two-week period in which bond yields trended higher. Analysts say this indicates that China's central bank is intending to slow down the pace of tightening in order to ensure a "moderately loose" capital environment in the lead up to Spring Festival.; China Securities Journal | 2010-01-27

TAOBAO: Taobao Prepares for IPO; The trade volume of Taobao, China's biggest online trading platform, exceeded 200 billion yuan in 2009. Parent company, Alibaba Group, has founded a Greater Taobao Strategy Executive Committee for the purpose preparing an IPO for the company.; The Beijing News | 2010-01-27

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Vehicle Emission Tax Considered as Part of New Environmental Tax: The Chinese government is considering imposing a tax on car emissions as part of a proposed environmental tax.; Source:The Beijing News

China Unveils New National Energy Commission: China has officially unveiled a new government agency to take charge of the country's energy policy.; Source:State Council

YEAR-END SPECIAL: Year-end Special: China's Road to Recovery; A digital book tracing the economic developments that have shaped China over the past year...