No. 338, Oct. 22(1)

Highlights from the Economic Observer, October 22nd 2007, issue no.338

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Reforms in Tune with Globalization
Editorial
The Chinese Government should adopt more market-oriented policies and consider global impacts when formulating macro-economy intervention measures, our editorial urges. Future reforms and opening up policies that stress international cooperation could help the country meet the challenges of globalization.
Original article: [Chinese]
 
Battling for TV Market Share
Cover Story
Domestic television makers have lost their dominance in the flat screen market to foreign brands, according to a market survey report. While local makers are busy exploring the global market in recent years, their home base is under attack, and foreign brands have now gained 57% of the flat screen television market share in China.
Original article: [Chinese]

Rush to Spend
News, page 3
The government has ordered various ministries to speed up spending their 2007 budgets, warning that failure to do so will result in a cut in next year's funding. The goal is to jolt the bureaucracy into executing projects planned for this year, and to prevent them from making unrealistic plans requiring big budgets in the future.
Original article: [Chinese]

Move to Restrain Salary Bumps in Public Firms
News, page 4
The government is moving to curb excessively high salaries among high ranking personnel in state-owned firms. The average salary in public enterprises that come under the direct control of central government – especially those in monopolized industries – is said to be 87% higher than the national average salary for many other industries.     
Original article: [Chinese]