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

: Senior Executives of Major Domestic Steel Mills Un...; Senior executives of major domestic steel mills were invited to "drink coffee" - a form of unofficial interrogation conducted by security officers - after four Chinese staff of the Anglo-Australian mining giant Rio Tinto were arrested last week.; Oriental Morning Post | 2009-07-13

: Wen Jiabao: China to Maintain "Realtively Loose" M...; China must stick to positive fiscal policy and relatively loose monetary policy since the economic foundations remain fragile and the impact of global financial crisis has not diminished, China's premier, Wen Jiabao, announced in a series of economic meetings last week.SourceOriental Morning Post; | 2009-07-13

: CSCEC to List on Shanghai Market; China State Construction Engineering Corp. (CSCEC), China's largest construction companyis expected to raise an estimated 42.6 billion yuan when it goes public on Tuesday. It will be the biggest IPO since 2008 and the country's fifth biggest ever. CSCEC had already signaled their intention and won approval to list on the exchange back in 2008, but were forced to wait after the China Securiti...; | 2009-07-13

: China Eastern goes ahead with Shanghai Airlines Me...; China Eastern Airlines, the least profitable of China's three major airlines, offered about 9 billion yuan in a share swap for control of the smaller Shanghai Airlines. The moves raises Eastern's market share in Shanghai from 30 to 50%. Trading in the two companies' shares, which had been suspended since June 8 when the merger was first announced, resumed in Shanghai today. Shanghai Airlines will ...; | 2009-07-13

: Former Chairman of Capital Airport Board Sentenced...; Li Peiying, former General Manager of Beijing Capital Airport, has had his death sentenced upheld on appeal. Li was found guilty of embezzlement and corruption.Original article; | 2009-07-07

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6.4-Magnitude Quake Rocks West China: A 6.4-magnitude earthquake struck China's western Qinghai province earlier this morning.; Source:China Earthquake Networks Center

End of an Era: China Wipes Crime of Speculation from the Books: China's top legislature is considerring removing outdated laws relating to the crime of speculation, a throwback to the days of China's planned economy, from the country's law books.; Source:National People

TAX: Taxing Times; China's tax bureau aims to collect an additional 100 billion in tax before the end of the ...