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

ECONOMIC POLICY: State Council Meets to Analyze Economic Situation; China's premier Wen Jiabao yesterday presided over an executive meeting of the State Council to analyze the present economic situation. Those who attended the meeting agreed to promote a stable and sound development of the capital markets.; China Securities Journal | 2009-10-22

STOCKS: Hot Money Surge Drives Up China's A Shares; China added 61.8 billion US Dollar to its foreign exchange reserve in September, far exceeding the 7.7 US dollar increase in the first quarter of this year. Experts are pointing to the figure as an indication that hot money had returned to China and was behind recent surge in A shares.; Shenzhen News | 2009-10-21

INDUSTRY: NDRC Unveils New Industrial Coordination System in Northeast China; The three provinces that make up Northeast China (Liaoning, Jilin, Heilongjiang), will set up a mechanism allowing them to coordinate industrial strategy and promote local economic development, Zhang Guobao, the vice director of the National Development and Reform Commission, said yesterday.; Beijing News | 2009-10-21

AGRICULTURE: Price of Agricultural Food Products Falls; The price of agricutural food products across the country fell by 0.5% last week when compared with those of the previous week, according to the Ministry of Commerce. However, vendors at a major Beijing market inidicated that vegetable prices are likely to rise as the weather becomes colder.; Beijing News | 2009-10-21

ECONOMIC GROWTH: Experts Predict China's GDP Grew 9% in Q3; The latest projection from Tsinghua University shows China's Gross Domestic Production (GDP) is expected to grow at or above 9% in the third quarter of this year. An official from National Development and Reform Commission (NDRC) recently revealed that in the first three quarters, China's GDP grew over 7% compared with the same period last year. Official figures are expected to be released on Oc...; Shanghai Securities News | 2009-10-20

CRIME: Another Senior Police Officer Investigated for Chongqing Triad Connection; Cheng Guangming, former chief of the Economic Crime Investigation Department within Chongqing's Public Security Bureau is now under investigation on suspicion that he was involved in the ongoing scandal of police collaboration with criminal gangs in the city.; Southern Metropolis Daily | 2009-10-20

HEALTH: Illegal Private Clinics in Beijing; The Beijing Municipal Health Inspection and Supervision Agency recently completed a report featuring a map of the city's illegal private clinics. The report reveals that there are over 1,200 illegal private clinics in Beijing.SourceThe Beijing NewsGoogle Translation; The Beijing News | 2009-10-20

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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

TAX: Taxing Times; China's tax bureau aims to collect an additional 100 billion in tax before the end of the ...