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

AGING SOCIETY: Academic: Ageing China Will Reach Crisis Point in 2035; By 2015, China will see a significant decrease in the proportion of the working-age population, said Yang Yansui, director of the employment and social security research center of Tsinghua University, at the 21st Century Forum yesterday. Yang went on to say that in 2035, there will be, on average, less than two tax payers supporting one pensioner, what he referred to as the “the crisis point of an...; The Beijing News | 2010-09-09

ENVIRONMENT: Chinese Provinces Restrict Power Supply to Steel Mills; To reach their annual carbon-emission reduction targets, many provinces, including Hebei, Guangxi, Guangdong, Jiangsu and Zhejiang have capped power supply to local steel mills. In Guangxi Zhuang Autonomous Region, steel companies that do not meet current energy standards now have limited access to regional power supply, and those that do are required to stop work on certain production lines.; Economic Information Daily | 2010-09-09

INVESTMENT: State Council Unveils Plan to Invest in Seven New Strategic Sectors; The State Council has identified seven sectors including green technology (which encompasses energy-saving and environmental protection), new-generation information technology, biotechnology, high-end equipment manufacturing, alternative energy production, alternative-energy vehicles and the advanced material industry as key sectors for industrial development. The government will implement prefere...; Oriental Morning Post | 2010-09-09

STEEL: Steel Producers in Hebei Required to Shut Down Temporarily; The 18 steel companies in Hebei Province have been required to shut down on September 5 to reduce carbon emissions. The closure will last anywhere from 20 days to a month. Aside from the steel companies, local coke plants and mining companies have also been ordered to shut down.; China Securities Jounnal | 2010-09-08

RESUME: High-level Executive from Airline Company Denies Fabricating Pilot Resumes; In response to reports that the resumes of over 200 pilots were forged, an anonymous high-level executive from an airline company admitted that many airmen released from military services have no letters of recommendation while others have an inadequate flying record. He goes on to say that the pilots have not completed all the "formalities," but that this does not mean that their resumes were fab...; The Beijing News | 2010-09-08

MERGER: China Expediting Mergers Between State-owned Enterprises; The State Council has issued its Guidelines to Promote State-owned Enterprise Mergers. The Guidelines provide preferential taxes, financial, capital and land policies for mergers between state-owned enterprises. Twelve ministerial agencies, including the Ministry of Industry and Information Technology, the Ministry of Finance, the China Securities Regulatory Commission and the Ministry of Commerce...; Securities Daily | 2010-09-08

RADIO CONTROL: Central Government to Control Radio Signals; The State Council and the Central Military Commission have joint-released Rules on Radio Control which authorizes the central government to restrict or block the radio signals across the country during an emergency. The new regulation, issued on September 6, will come into effect on November 1.; Caixin Online | 2010-09-08

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What is China's People's Congress Up To?: 152 of the 175 delegates that make up the Standing Committee of China's top legislature attended a six day meeting of the body in Beijing late last month.; Source:NPC

The Private Lives of Local Officials to Play a Role in Promotions: Many local governments are issuing new standards to evaluate potential employees that focus on “personal ethics.”; Source:Legal Daily

BOOK REVIEW: September Issue of EO's Book Review; Highlights from this month's edition: Talking Bubbles with Andy Xie