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

PUBLIC HOUSING: Ministry of Finance Announces Tax Exemptions for Public Rental Housing; In an effort to encourage the construction and operatrion of public rental housing, the Ministry of Finance and the State Administration of Taxation yesterday announced that as of September 27, they will offer several tax exemptions to developers for a three-year period. According to the official announcement, construction companies will be exempt from urban land use tax, deed tax, land appreciati...; The Beijing Times | 2010-09-29

EMPLOYMENT: Latest Labor Market Report: Wages of Migrant Workers will Continue to Rise; A quarterly report released by the Institute of Economic Research of Renmin University of China in recent days, found that labor demand in the eastern, western, and central regions of China has once again outstripped supply, creating unprecedented demand for labor. As a result, the wages of migrant workers are predicted to continue to rise. The report also contends that growing labor demand will s...; 21st Century Business Herald | 2010-09-29

PUBLISHING: Nationwide Anti-Pornography Campaign Launched; In the lead up to the National Day holiday and the Guangzhou Asian Games, the National Anti-Pornography and Anti-Illegal Publications Office will step up efforts to protect minors, enforce international property rights and crack down on illegal publications. The government will target illegal operations by monitoring transportation, conducting unannounced inspections and working with local officia...; Xinhua News Agency | 2010-09-29

PUBLIC HOUSING: Ministry of Housing: Work on All Public Housing Projects Must Begin by End of Mo...; Work has already begun on roughly 70% of the 5.8 million units of public housing that have been scheduled for construction across the country this year, with 30% of the units already completed. However, progress has been uneven among regions due to inadequate support from local governments, with 5 provincial-level governments having a project initiation rate of less than 50%. Despite this, Ministr...; People's Daily | 2010-09-29

TRANSPORT: Shenyang and Chengdu Open Subway Lines; Shenyang, in the northeastern Liaoning province and Chengdu the capital of the southwestern province of Sichuan, both offically opened their first subway line for commercial operation yesterday.; Oriental Morning Post | 2010-09-28

PROPERTY: Central Government to Address "Minor Property Rights"; Yesterday, Li Jianqin, head of the Ministry of Land and Resources' law enforcement and supervision division, said that the ministry would release a plan aimed at tackling the problem of "minor property rights" in the near future. Under the existing Land Administration Law, rural land use rights cannot be transferred, which results in property built upon such land having lesser or "minor" property ...; The Beijing News | 2010-09-28

POLITICAL RHETORIC: Inclusive Growth May Appear as Key Concept in 12th Five-Year Plan; At the recent Fifth APEC Human Resources Development Ministerial Meeting held in Beijing, President Hu Jintao said that China would promote "inclusive growth" that promoted equalitiy of opportunity. According to the China Economics Weekly, this is the first time a Chinese leader has used the phrase since it first appeared in book publiushed by the Asian Development Bank in 2007. The weekly paper, ...; China Economic Weekly | 2010-09-28

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China's Informants Lack Protection: China does not have the man power, financial resources, or system to protect informants or witnesses; Source:Beijing News