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

PROPERTY MARKET: Governmental Think-Tank Suggests Suspending Issuing New Policies Tackling the Pr...; The China Real Estate Enterprises Management Association (CREMA)has advised the State Council many times to suspend the issuing of new policies tackling the property market, said Zhu Zhongyi, vice chairman of CREMA, at a meeting held in Boao, Hainan Province. He went on to say that with current policies aimed at curbing the speculative property market, land purchases, and development, investment ...; 21st Century Business Herald | 2010-08-13

ANTI-MONOPOLY: 80% of Anti-monopoly Cases in Manufacturing Field; Shang Ming, director of the Ministry of Commerce’s anti-monopoly bureau, said in a press release yesterday that by June of this year, over 140 anti-monopoly cases have been reported to the Ministry of Commerce since two years ago when China's Anti-Monopoly Act came into effect. 80% of these cases took place in manufacturing field. He went on to disclose that 3/4 of these cases involved listed comp...; Economic Information Daily | 2010-08-13

IMPORT: China to Launch Import Promotion Project; The Ministry of Commerce has created a project to promote imports which will be released next week, according to ministry spokesman Yao Jian. Jiang Yaoping, Vice Minister of Commerce, said it is possible that the ministry may further adjust the export rebate of select high energy consumption and high pollution products; China Securities Journal | 2010-08-12

BANKING: Banks Prohibited from Issuing Credit Cards to People Aged 18 and Under; The China Banking Regulatory Commission has released a draft regulation to prohibit banks from issuing credit cards to those underage, in order to protect juveniles. The draft regulation also requires that banks do not charge consumers who have not yet activated their credit cards.; National Business Daily | 2010-08-12

HOUSING VACANCY: NBS: Impossible to Calculate Housing Vacancy; The National Bureau of Statistics has stated that it is impossible to calculate the housing vacancy rate based on the current data-gathering method. Yang Xhongguang, a researcher with the Chinese Academy of Social Sciences, told a National Business News reporter that the lack of accurate housing data may have a negative influence on government housing policies.; National Business News | 2010-08-12

FISCAL REVENUE: China Gains 5.11 Trillion Yuan of Fiscal Revenue in Seven Months; China has gained 5.11 trillion Yuan worth of fiscal revenue in the first seven months of this year, up 25.7% on the level of the same period last year and equal to China’s total fiscal revenue in 2007 of 5.1 trillion Yuan. Though the Ministry of Finance has stated China’s growth rate will gradually decline in the next five months, its current rate of growth exceeds the growth rate target set earli...; China Business News | 2010-08-12

STOCK MARKET: Shanghai Index Falls Below 2,600; The Shanghai Composite Index fell by 2.86% to 2,595.27 points yesterday, the largest daily fall size since July. Likewise, the Shenzhen Component Index also fell by 2.74% to 10,715.4 points. The price of 121 stocks on China's A-share market dropped yesterday.; The Beijing News | 2010-08-11

First Previous 1 2 3 4 5 6 7 Next Last GO Total 112 Page

Ministry Applies for Policy-Based Housing on Employees’ Behalf: The public is concerned about the high number of public servants applying for policy-based housing.; Source:The Beijing News

China's CPI Up 3.3% in July: China's consumer price index (CPI), a main gauge of inflation, rose 3.3 percent in July from a year earlier.; Source:National Bureau of Statistics

EUROPE: Interview with Portuguese Secretary of State for T...; Find out how Portugal plans to reduce its deficit and pay down debt.