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

CONSUMER SAFETY: Ministry of Health Investigation Finds Only Three Children Harmed by Vaccines; It has been proved that the illness of three children was caused by vaccines manufactured by the Shidai Huawei Company which is reported to have monopolized the vaccine market of Shanxi Province. The illness of twelve children also inspected has nothing to do with vaccines provided by Shidai Huawei, Deng Haihua, spokesman of the Ministry of Health said yesterday. Deng only mentioned the inspection...; The Beijing News | 2010-04-07

TAX: Resource Tax Reform Will Begin This Year; China will launch the reform of its resource tax program, promoting a mechanism for the price reform of energy, resources, and agricultural products. Additionally, China will improve its property tax system the Ministry of Finance stated on its website.; The Beijing News | 2010-04-07

HOUSING: Ministries Clash over House Price Statistics; China Land Surveying and Planning Institute, a research body under the Ministry of Land and Resources, recently published statistics showing the average price of housing in China rose by 25.1 percent in 2009. The growth pace was 16 times that published by the National Bureau of Statistics (NBS). On February 25, the NBS announced the price of housing in seventy of China's large- and medium-sized ci...; The Beijing News | 2010-04-02

WORK SAFETY: 19 Killed in Central China Coal Mine Blast; As of April 2, the number of deaths caused by a coal mine blast that occurred in the central province of Henan on Wednesday had risen to 19, and some 24 people were believed to still be trapped underground with slim hopes of survival, local authorities said Friday. After the incident, the coal mine owner fled and is still at large.; China News Service | 2010-04-02

TAX: Ministry of Finance to Research Environmental Tax; China's Finance Minister Xie Xuren noted in an article published in the latest issue of Seeking Truth (求實) magazine, a monthly communist party magazine, that the finance ministry would continue to research the feasibility of imposing a social security tax and an environmental tax.; The Beijing News | 2010-04-02

GOVERNANCE: Reshuffle of Top Officials at State Food and Drug Administration; 16 mid-ranking officials working in China's State Food and Drug Administration (SFDA) have been appointed or removed since November 25 last year. Several of the officials involved, including Wei Liang, an investigator at the SFDA's Drug Registration Department, were investigated on suspicion of taking bribes.; 21st Century Business Herald | 2010-04-02

REAL ESTATE: List of Sixty Centrally-owned Enterprises Involved in Real Estate Revealed; Sixty central-owned enterprises have been exposed by the media to have been involved in the real estate market, among which, at least 20 enterprises, including China Nuclear Engineering and Construction Corporation, China General Technology (Group) Hold Co.Ltd and China Agricultural Development Group, have subsidiaries who are focused on property development. It was also reported that some of the ...; China Economic Times | 2010-04-01

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Boao Forum: Pursuing Green Recovery: This year's Boao Forum for Asia themed, "Green Recovery: Asia's Realistic Choice for Sustainable Growth" came to a close; Source:Boao Forum Official Website

Centrally-Owned Enterprises Submit Plans to Exit Real Estate Market: All 78 of the COEs tasked with preparing strategic plans outlining how they plan to exit the real estate market have submitted their reports to SASAC.; Source:The 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...