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

HOUSING: Since September, Housing Prices on the Rise in Ten Cities; The China Index Research Institute issued the December real estate price index for a hundred cities. According to the index, in December 2010, the average housing price in ten main cities was 15523 yuan/square metre, up 0.75 percent from November. The index also confirmed that real estate prices have increased consistently for four months, since September 2010.; Beijing Youth Daily | 2011-01-06

SOCIETY: High Blood Lead Levels in Anhui Children Not Caused by Local Power Supply Factor...; 24 of 100 children suffering from high blood lead levels in Huaining County of Anhui Province were hospitalized last night. The parents of the affected children do not believe the abnormal levels are caused by pollutants from local power supply factories.; Xinhua News Agency | 2011-01-06

STATISTICS: Accenture: China’s Overseas Acquisitions Reached 600 Billion Yuan in Under 3 Yea...; Accenture took inventory of China’s overseas acquisitions from January 2008 to June 2010. The acquisitions came from America, Canada, Europe, as well as developing countries in Asia, Africa, and South America, and totaled over 600 billion yuan.; Business China | 2011-01-06

HOUSING: Beijing House Prices Increased by 42% in 2010; According to Shanghai Securities News, the latest data from China Real Estate Information Corporation (CRIC), reveals that the price of newly constructed commerical residential properties in Beijing increased by an average of 42% over the course of 2010. According to the report, these properties currently sell at 20,328 yuan per square meter. Prices in Shanghai are still more expensive, with simil...; Caijing | 2011-01-05

MEDIA: People's Daily Online Intends to List on Shanghai Exchange; People's Daily Online Co. Ltd., the operator of the People's Daily website, has filed for an initial public offering on the Shanghai Stock Exchange. According to a report in Wednesday's People's Daily, the company plans to raise around RMB 800 million by selling 40 million A-shares at between 15 and 20 yuan per share.; Caixin | 2011-01-05

TAX: Current Wage Threshold for Personal Income Tax Will Stand; Reforms to China's income tax may leave the monthly income at which personal income tax obligations kick in untouched, but will reduce the number of tax levels, expand the gap between levels, and readjust the rate of tax. Currently personal income tax is collected from Chinese citizens who earn more than 2,000 yuan or more a month.; 21st Century Business Herald | 2011-01-05

DEVELOPMENT GUIDELINES: Development Guidelines for Environment Sectors to Be Released after Major Politi...; A reporter from the China Securities Journal has learned from an anonymous source that ministries are currently divided the draft of Development Guidelines of Energy-saving and Environmental-protection Sectors. This new guideline may be issued sometime after this year's meeting of the CPPCC and NPC that will take place in Beijing in early March.; China Securities Journal | 2011-01-05

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SASAC Denies Report that 16 COEs are to be Listed on Stock Market in 2...: The State-owned Assets Supervision and Administration Commission (SASAC) outlines its plan to list more SOEs over the coming year; Source:Economic Observer Online

High-level Railway Executive Under Investigation: The former chairman of China Railway Container Transport Company is suspected of serious "violations of discipline"; Source:Economic Observer Online

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