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

FINANCE: Securities Companies Accept Client Applications for New Margin Financing Service...; A dozen securities companies, including Haitong Securities, Everbright Securities, Guotai Junan Securities and CITIC Securities, have begun to accept client applications for newly unveiled margin financing services. These companies will be followed by Guangfa Securities and Guoxin Securities, who will start accepting applications on March 25 and March 29 respectively. The new services will allow i...; China Securities Journal | 2010-03-24

SINO-US RELATIONS: Sino-US Strategic and Economic Dialogue to be Held in Late May; The latest in a series of strategic and economic dialogues between China and the United States is scheduled to take place in Beijing in late May, Qin Gang, Ministry of Foreign Affairs spokesman announced in a press conference yesterday. He went on to say that Vice Premier Wang Qishan, and State Councillor Dai Bingguo, as special representatives of Chairman Hu Jintao, would participate in the dialo...; Beijing Youth Daily | 2010-03-24

GOVERNMENT: Central Government Departments' Expense Account Funds to be Cut by 5%; Premier Wen Jiabao has set a target of reducing the expense account funds of central government departments by 5% this year at the Working Conference Against Corruption held yesterday. He said all expenses, including trips abroad, the purchase and maintenance of vehicles and funds spent on official receptions should be reduced. He also mentioned that the central government would intensify supervis...; The Beijing News | 2010-03-24

CORRUPTION: Former Ministry of Public Security Official on Trial in Relation to Huang Guangy...; Xiang Huaizhu, former deputy director the central Ministry of Public Security's Economic Crime Investigation Bureau, faced charges of accepting bribes worth 1.06 million yuan at Beijing's No. 2 Intermediate People's Court yesterday. The prosecution alleges that Xiang accepted the funds as a bribe from electronics retail giant Gome, the company's founder and former chairman Huang Guangyu currently ...; The China Internet Information Center | 2010-03-23

POLLUTION: Lead Poisoning Sickens 45 Children in Hunan; As of March 22, 45 children have been sickened by lead poisoning in Chenzhou, a city in central China's Hunan Province. The poisoning is reported to have been caused by pollution from a local factory. The Ministry of Environmental Protection has dispatched officials to Chenzhou to supervise and inspect pollution controls in the area. Four local officials, including the head of the town government,...; The Beijing News | 2010-03-23

ECONOMY: Head of NDRC Urges Transformation of Economic Growth Model; At the ongoing China Development Forum on Monday, Zhang Ping, head of China's National Development and Reform Commission (NDRC), the country's main economic planning body, pushed for a quickening of reforms that will transform the country's economic growth model.; People's Daily | 2010-03-23

CCTV: CCTV Fire Trial Opens in Beijing; Twenty one people charged in relation to a fire that engulfed the TVCC, a prominent building within the new CCTV headquarters, appeared in Beijing's No.2 Intermediate People's Court this morning. Considering the number of defendants involved, including Xu Wei, former director of the office in charge of construction of the new headquarters, the court has set aside three to four days for the trial. ...; Beijing Evening News | 2010-03-23

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Central Bank Nominates 3 to Monetary Policy Committee: The People's Bank of China announced that three new outside scholars had been appointed to its monetary policy committee.; Source:People's Bank of China

Rio Tinto Employees Sentenced to Between 7 and 14 years in Jail: Four Rio Tinto employees were found guilty of taking bribes and obtaining business secrets in a Shanghai court earlier today and were sentenced to prison terms ranging from 7 to 14 years.; Source:Economic Observer

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...