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

GOVERNMENT: CPC Central Committee to Strike a Blow to "Governmental Cars"; The Political Bureau of the CPC Central Committee held a meeting on December 28, during which it decided to strike a blow to "government coffers" by eliminating excessive forums, ceremonies and seminars, and by conducting a special campaign to solve the problem concerning governmental cars.; The Beijing News | 2010-12-29

TOURISM: Foreign Tourists in Hainan to Enjoy a Tax Rebate; As of January 1, 2011, foreign travelers to Hainan Province who have made purchases above 800 yuan in designated tourist shops will receive a value added tax (VAT) rebate. So far, it's unclear when this policy will cover Chinese residents.; China Securities Journal | 2010-12-28

UNEMPLOYMENT: Urban Registered Unemployment Rate within 4.3%; 790 million Chinese residents have become employed at the end of this year; China's urban registered unemployment rate is within 4.3%, an official from the Ministry of Human Resources and Social Security said to a reporter from the Xinhua News Agency.; The Beijing Times | 2010-12-28

LAW: Fine for Fake Value added Tax Invoices Increased to 500,000 yuan; The Executive Conference of the State Council has approved the revised Invoice Management Regulations which have increased the upper limit of fines imposed on people who write fake value added tax (VAT) invoices, fabricate, revise or transfer receipts from 50,000 yuan to 500,000 yuan. This new policy will take effect on February 1, 2011.SourceThe Beijing Times Google Translation; The Beijing Times | 2010-12-28

INFLATION: Over Half of Beijing Residents Predict Price Increases; The central bank has conducted a survey which shows that 54.1% Beijing residents believe prices will increase in the next three months, which is 9.7 percentage points higher than those surveyed who predicted price increases last quarter. Additionally, the price satisfaction index of Beijing residents has dropped to a historic low of 18.; The Beijing News | 2010-12-28

GOVERNMENT: China to Hold NPC Meeting on March 5th 2011; The Chinese government has decided to hold the next year's meeting of the National People's Congress (NPC) on March 5th, 2011 and the Chinese People's Political Consultative Conference (CPPCC) on March 3rd.; Legal Evening Post | 2010-12-27

EDUCATION: Ministry of Education to Pilot Equal Education Access to Migrant Children; The Ministry of Education has selected Shandong Province, Hunan Province and Chongqing City to pilot the provision of equal opportunities for children of migrant workers to receive primary and middle school education as well as to participate in entrance examinations of high schools and colleges. They will also experiment in resolving the issue of inadequate kindergartens.; The Beijing Times | 2010-12-27

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Guangzhou's Traffic Cure: Limit Vehicle Usage not Amount: Possible traffic measures for Guangzhou include lifting parking fees, but will probably not include limiting the number of licenses issued for new vehicles like Beijing.; Source:Economic Observer

Another Form of Corruption: Government Purchases: Chinese government leaders' taste for Apple products enrages netizens...; Source:The Beijing News

: Economic Observer's 2010 Year End Special; The top stories of 2010 displayed through slideshows, timelines, buzz words, maps, graphs,...