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

WORK SAFETY: Coal Mine Explosion in Northwest China Kills 11; 11 people were killed in a Wednesday's coal mine explosion in northwest China's Ningxia Hui Autonomous Region while another 3 remain missing.; China.com.cn | 2009-10-15

TRADE: China's Trade Surplus Drops to ＄134.5 Billion in H1; In the first half of this year, China registered a 134.5 billion US dollar current account surplus, according to the State Administration of Foreign Exchange.; China Securities Journal | 2009-10-15

AUTO: Auto Sales to Exceed 12 Million Units in 2009; Production and sales of automobiles in China had reached 9.61 million and 9.66 million units respectively as of the end September, according to statistics released by the China Association of Automobile Manufacturers (CAAM). The CAAM also predicted that total car sales will reach 12 million units this year, far exceeding the original target of 10 million.; Oriental Morning Post | 2009-10-14

WEALTH: Chairman of BYD Auto Tops China's Rich List; Wang Chuanfu, Chairman of the BYD Auto, took top position in this year's Hurun Report - a list of the 1,000 richest people in China - with a personal worth estimated at over 35 billion yuan. Wang replaced Huang Guangyu, the former CEO of eletrical goods chain Gome, at the top of the list. Huang, who is currently in police custody being investigated for corruption, fell to 17th position on the list...; Beijing News | 2009-10-14

EMPLOYMENT: 15,000 Civil Service Jobs Up for Grabs; The Ministry of Human Resources and Social Services will begin accepting applications to sit this year's civil serice examination tomorrow, with 15,000 jobs within the government bureaucracy on offer. Seventy percent of the positions require examinees to have spent at least two years working with grass-root units.; Southern Daily | 2009-10-14

RESOURCES: Fuel Prices Lowered Ahead of National Day; China's state economic planner - National Development and Reform Commission yesterday announced thier decision to lower the prices of petrol and diesel by about 0.15 yuan a liter as of midnight last night.; China News Service | 2009-10-13

MEDIA: Sina, Focus Media Merger Falls Through; On September 28, Sina and Focus Media announced simultaneously that they would no longer extend the deadline of their merger plan.; www.eNet.com.cn | 2009-10-13

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Profits at Chinese SOE Continue to Decline: MOF statistics revealed that the profits of China's SOEs dropped 17.6% in the first 9 months of the year, when compared with the same period last year.; Source:Ministry of Finance

New Regulations to Give Foreign Traders Greater Access to China's A-sh...: Draft revisions to China's securities registration rules will give foreign investors greater access to China's equity markets.; Source:China Securities Regulatory Commission

REGIONS: China's Economic Zones: A Regional Round-up; A look at the important economic developments shaping China's regions.