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

HOUSE: China Cracks Down On Land Hoarding by Developers; China's Ministry of Land and Resources has launched a crack-down on land hoarding by real estate developers. The Ministry said it would revoke the land use right of developers who kept their land idle for more than two years. According to a recent survey by the Ministry, some 100-million square meters of lands earmarked for real estate contruction were left idle.; The Beijing News | 2009-12-24

Foreign Trade: China's Import-Export Value Grows 9.8% in November; The total value of China's import and export in November grows by 9.8% year-on-year, with the import value up 26.7% and the export value down by 1.2%, statistics from the Central Administration of Customs revealed.; Southern Daily | 2009-12-23

Social Security: Cross-Province Social Security for Migrant Workers; China is set to introduce cross-province social security system from next year. The long-awaited system will allow social security account holders to transfer their contributions from one province to another when they move bases. The new move will benefit migrant workers, granting them higher mobility in job hunting across the country while being covered by one single social security fund.; The Beijing News | 2009-12-23

MEDIA: Beijing Hikes Water Price to Promote Conservation; China's water-scarce capital city will raise the fee of residential water supply by 0.3 yuan to 4 yuan per cubic meter on December 22. In the next two years, water price in Beijing will be hiked further to reflect its scarcity and to promote conversation.; The Beijing News | 2009-12-22

MEDIA: China's per capita GDP to Reach ＄4000 Next Year; A report by the Chinese Academy of Social Sciences has projected that China's per capita GDP would climb to 4000 USD by year-end 2010. The latest projection has way exceeded earlier estimation of 3,000 USD by 2020. The report credited high economic growth rate, declining new birth rate, and the Renminbi appreciation as major contributing factors to the country's fast growing per capita GDP.; China Securities Journal | 2009-12-22

MEDIA: China Limits Domain-Name Registry and Transfer; China has recently tightened web control in the name of weeding online pornorgraphy. The latest move involved limiting individual registry of domain name, and the transfer of registered domain name.; The Beijing News | 2009-12-22

MEDIA: Fixed-asset Investment in Highway and Waterways Exceeds 1.1 Trillion Yuan in 200...; China has invested over 1.1 trillion yuan in highway and waterway construction during 2009, up 32% on the last year's figure, Li Zongqi, Chairman of the China Association of Communication Enterprise Management, revealed at the "Transportation and Logistics Development Forum of China 2009" yesterday.; National Bunisess Daily | 2009-12-18

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China Hits Back at EU's Shoes Duty Extension: Beijing retaliated EU tarrifs extension on its footwear by imposing penalties on metal fasteners from the EU.; Source:Ministry of Commerce

China Rebuts UK Charges of "Hijacking" Copenhagen: China rejected charges by a British official that it "hijacked" the Copenhagen climate talks as baseless and politically motivated.; Source:China

REAL ESTATE: Liberating the "House Slaves"?; Swelling public resentment against skyrocketing property prices has forced the Chinese gov...