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

TRANSPORT: Guangdong to Consider Limits on Vehicle Registrati...; There are now more than 17.3 million registered vehicles on Guangdong's roads and the local Public Security Bureau is considering limits on vehicle registrations in order to gradually reduce the traffic burden.Sourcewww.southcn.comGoogle Translation; www.southcn.com | 2009-08-25

M&A: Tengzhong's Hummer Acquisition Still Not Approved; Sichuan Tengzhong Heavy Industrial Machinery's attempt to acquire General Motor's Hummer has still not received official approval, according to an official from the Ministry of Commerce.; The Southern Metropolis Daily | 2009-08-25

REAL ESTATE: Property Turnover Rate in Beijing Down 15%; Last week the turnover rate of yet-to-be-completed commercial apartments in Beijing dropped by 15.52% on a week before, the biggest percentage drop in the figure since July.; Beijing Morning Post | 2009-08-25

REAL ESTATE: 8 Billion Yuan of Industry Funds Swamps Hangzhou L...; With the macroeconomic outlook remaining uncertain, industry funds in Hangzhou have switched to investing in the real estate market. The flood of new funds is said to have pushed up land prices in the region.; China Business News | 2009-08-21

OLYMPICS: Beijing Government Takes Over Operation of Bird’s ...; The Beijing government, whose 58 percent stake in the National Stadium is managed by the Beijing State-Owned Assets Management Co. Ltd (BSAM), has decided to take back the operational management of the landmark Olympic venue from a consortium of 4 companies that include China International Trust and Investment (CITIC) and the Beijing Urban Construction Group.; China Business News | 2009-08-21

TRANSPORTATION: Subway Fever: 79 New Lines in 22 Cities Approved; China’s urban transportation construction continues to surge with central and local governments approving a total of 79 new subway lines in 22 cities. Theconstruction of the new lines will involve a total investment of approximately 882 billion yuan.; China Business News | 2009-08-21

FINANCE: State Grid Expands Looks to Establish Financial Ar...; Two affiliates of State Grid Corporation of China (SGCC) submitted proposals to establish fund companies in 2009. The move marks the electricity network's foray into the financial sector.; 21st Century Business Herald | 2009-08-21

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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 ...