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

HUKOU: Price of Beijing Hukou on Black Market: 270,000 RMB; It's becoming harder for new graduates to find jobs in Beijing that offer them the chance to switch their household registration or hukou to the capital, thus allowing them to enjoy the social benefits that flow from having a Beijing hukou. The number of positions with central government departments that offer non-residents the opportunity of switching their hukou has shrunk recently in accordance...; Lianhe Zaobao | 2011-05-30

CHONGQING: New Deputy Mayor for Chongqing; This morning at a meeting of the standing committee of Chongqing's Municipal People's Congress, Wang Lijun was unanimously elected as one of the deputy mayors of the city. Wang has served as the head of the city's Public Security Bureau since March 2009, overseeing the high-profile crackdown on gang-related crime in the city. In addition to Wang Lijun, eight other individuals were appointed to pos...; Chongqing Evening News | 2011-05-27

PLASTIC: 24 Billion Less Plastic Bags Since Ban; According to a report released by the National Development and Reform Commission yesterday, the central government's introduction of a nationwide ban on the free provision of plastic bags in major supermarkets 3 years ago, has resulted in 24 billion less plastic bags being produced, which is estimated to have reduced plastic consumption by over 600,000 tons. This reduction in the use of plastic tr...; Xinhua News Agency | 2011-05-27

INFLATION: NDRC Gives Nod to Unilever Price Increases; An official from the National Development and Reform Commission told journalists yesterday that Unilever's decision to increase in the price of the company's Hazeline and Lux products in various cities in China, announced on May 24, was a normal market move and that consumers can choose to purchase the products if they wish, in keeping with the principles of a free market. The official wen...; The Beijing News | 2011-05-27

LAW: Witness in Qian Yunhui Case Sentenced to 20 Months; Yesterday afternoon, the Yueqing People's Court in Zhejiang province sentenced Qian Chengyu to 20 months prison on charges of obstructing a public officer. The trial is related to the high-profile case of Qian Yunhui (no relation), who died after being run over by a truck in December last year. Qian's co-accused, Wang Xiangqiu was sentenced to a 1 year prison term, with an 18-month suspended sente...; China Youth Online | 2011-05-26

CORRUPTION: High-level Shandong Official Under Investigation; At a meeting of the standing committee of Shandong's provincial People's Congress held yesterday, the provincial government put forward a proposal to remove Zhang Wanqing, the former Secretary of Shandong Provincial government. In April, the 56 year-old Zhang was taken away by authorities from the CPC's Discipline Inspection Committee for investigation.; Dazhong Daily | 2011-05-26

AVIATION: Fuel Surcharge on Domestic Flights Raised; Major Chinese airlines have raised their fuel surcharges for domestic routes for the third time this year to help offset the cost of rising oil prices. Carriers including China Eastern Airlines and China Southern Airlines raised the fuel surcharge to 140 yuan from 110 yuan for domestic flights of more than 800 kilometers. Rates for shorter distance have been marked up to 80 yuan from 60 yuan. The ...; Economic Information Daily | 2011-05-26

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Foxconn Employee Commits Suicide at Chengdu Plant: Domestic media are reporting that an employee at Foxconn's Chengdu assembly plant leaped to his death in the early hours of this morning; Source:21st Century Business Herald

Police Deny Rumors that Baotou Billionaire Faked Own Death: Police in Baotou, a city in Inner Mongolia, have officially denied rumors that a local entreprenuer faked his own death last month; Source:China News Agency

INTERVIEW: Interview with Zhang Yong: The Secret of Haidilao'...; The manager of the succesful hotpot chain talks about how he grew his business from a smal...