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

HIGH TEMPERATURE: Southern China to be Hit by High Temperatures; Southern China will be struck with high temperatures while Northern China and the regions near the Huanghe River and the Huaihe River will experience high rainfall, meteorological experts forcasted.; China News Service | 2010-07-02

BEIJING: Exclusive: Beijing's Xuanwumen and Chongwen Districts to be Swallowed up by Neig...; According to the EO, the State Council has already approved a plan that will merge the four old central districts of Beijing into expanded Dongcheng and Xicheng districts. The Communist Party head of Dongcheng will remain party head of the newly expanded district, while the mayor of the new district will be the former mayor of Chongwen district.; The Economic Observer | 2010-07-01

INTERNET: E-Commerce in China Enters Era of Real-name Registration; Provisional regulations issued by the State Administration for Industry and Commerce (SAIC) that regulate E-commerce in China will take effect from July 1st. This means online retailers are required to register with their real name and address on online trading platforms from today. The SAIC plans to launch a nationwide inspection to make sure that online business operators are registering with th...; The Beijing News | 2010-07-01

MARKETS: China's Shanghai Market Down Almost 27% in First Half; The Shanghai composite index was down nearly 27 percent in the first half of 2010 to 2,398.73 points, a record low not seen since early April last year. According to a rough calculation, 2.4 trillion yuan has exited the market in the first half of 2010.; The Beijing News | 2010-07-01

NETWORK INTEGRATION: China Unveils 14 Cities to Pilot Three Network Integration Project; China's State Council today announced the 14 cities chosen to pilot the first tranche of the central government's grand plan to integrate phone, internet and cable television services across the country. The cities chosen to pilot the "three network integration" project are: Beijing, Harbin, Shanghai, Nanjing, Hangzhou, Xiamen, Qingdao, Wuhan, the Changzhutan area (which refers to the cities of Ch...; Xinhua News Agency | 2010-07-01

LABOR: Beijing Minimum Wage Rise Takes Effect; Beijing Municipality will raise the city's minimum wage level to 960 yuan per month from the previous 800 yuan per month from July 1st. Some 100,000 low-income workers in the city will benefit from the rise.; The Beijing News | 2010-07-01

A SHARE: A-share Market Falls to 14 Month Historical Low; The Shanghai Composite Index fell to 2,427.05 yesterday, down 4.27% on the previous day's level, reaching the lowest level in the past 14 months since April 9 last year. ChiNext also went down to 913.31 yesterday, down 7.54% compared with that of the previous day. Data monitored by P5w Net shows that funds worth more than 20 billion yuan have flowed out of the A-share market.; The Beijing News | 2010-06-30

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The ABC of the China-Taiwan ECFA: Mainland China and Taiwan signed a landmark trade pact on June 29, the agreement aims to further enhance the integration of both economies.The pact, known as the Economic Cooperation Framework Agreeme...; Source:Xinhua

China's GDP Growth Rate for 2009 Revised up to 9.1%: China's offical GDP growth figure for 2009 has been raised from 8.7 to 9.1%.; Source:National Bureau of Statistics

INTERVIEW WITH PASCAL LAMY: Economic Observer Exclusive: Interview with Direct...; We ask Pascal Lamy, the Director-General of the WTO, about the recently-released third Tra...