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

POPULATION: As Population Ages, Number of Chinese Students Declines; As of 2011, there will be a gradual decline in the number of students at every level. According to the Blue Paper Report released by the 21st century Education Research Institute, high schools will face a decreasing number of applicants in coming years.; The Beijing News | 2011-03-02

INTERNET: Number of Internet Users in China Reaches 457 Million; According to the national Bureau of Statistics, the number of Internet users in China has reached 457 million. The figure accounts for 34.3% of the country’s population.; Lianhe Zaobao | 2011-03-02

LIBYA: COEs in Libya Evacuate Workers; Most workers employed by the 13 centrally owned enterprises (COEs) in Libya have been evacuated. According to the State–owned Assets Supervision and Administration Commission (SASAC), the evacuation is the biggest overseas withdraw of COE employees in history. Losses for specific COEs are still being evaluated.; The Beijing News | 2011-03-02

GDP: China's GDP grew 11.2% on average from 2006 to 2010; China's GDP saw an annual average growth rate of 11.2% during the 11th Five-Year Plan period (2006-2010). This is 1.4 percentage points higher than that of the previous five years.; Financial News | 2011-03-02

TAX: Those Earning Below 3,000 Yuan a Month Could be Exempt from Individual Income Ta...; The Standing Committee of China's State Council plans to discuss adjustments to China's individual income tax at meetings to be held in Beijing on Mar 2. According to one source, possible amendments to the tax law include adjusting the details of what portion of a worker's salary can be deducted for expenses, lifting the salary level at which the minimum tax rate begins to be applied by an appropr...; Economic Observer Online | 2011-03-01

MILITARY: China's Military to Raise Salaries; According to unnamed military sources, the People's Liberation Army (PLA) plans to increase the pay levels for the third time in six years. According to the report, the increase will be calculated from the second half of last year, and salaries will increase by between 5 and 40%, depending on rank according to the principle of the lower the rank, the greater the increase.; National Business Daily | 2011-03-01

MINISTER: Former Minister of MIIT Elected to CPPCC; Li Yizhong, the former Minister of Industry and Information Technology, has been elected as a member of the Chinese People's Political Consultative Conference (CPPCC) yesterday. Both Li Yizhong and Zhang Guobao, the former director of the National Energy Bureau, have been elected as vice directors of the CPPCC's Economics Committee.; Jiefang Daily | 2011-03-01

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Highlights of China's Economic Statistics for 2010: Highlights from the NBS report on the major economic and social developments in China in 2010.; Source:National Bureau of Statistics

Opinions on Seed Industry Development to Be Released in March: The Economic Observer has learned that new policies concerning the seed industry will soon be issued.; Source:The Economic Observer Online

BOOK REVIEW: February 2011 Issue of EO's Book Review; Interviews with historian Gao Hua (高华), academic Du Junfei (杜骏飞) and well-known author Yue...