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

China Stock Index: Greater China Stock Index to be Launched on Jan 18; The recently signed Securities and Futures Regulatory Cooperation Memorandum of Understanding, a cross-straits agreement on financial matters, comes into effect on January 15. One of the first outcomes of the MOU will be the launch a "CSI Cross-Straits 500 Index" on January 18. The new index, announced by the China Securities Index (CSI), will offer an indicator of the performance of equity market...; Oriental Morning Post | 2010-01-04

Weather: Beijing Experiences Coldest Weather in 59 Years; The Beijing News reports that the large fall of snow and dramatic drop in temperature that hit Beijing and other parts of northern China over the weekend, were the worst weather that the capital has seen in decades. Hundreds of flights from Beijing's capital airport have been delayed or cancelled, public transport has been effected and school students and even many employees have been told to stay...; The Beijing Times | 2010-01-04

Central-owned enterprises: Another 29 Central-owned Enterprises to Go Before End of 2010; State-owned Assets Supervision and Administration Commission (SASAC) announced two more state-owned enterprises controlled by the central government, also known as centrally-owned enterprises (COE) will be merged into two other companies, taking the total number of COE to 129 at the end of the year. SASAC has said many times in the past that it plans to reduce the number of COE to between 80-100 b...; Shanghai Securities News | 2010-01-04

STATE-OWNED ENTERPRISES: 2.842 Billion Yuan of Central-owned Enterprise Losses Impossible to Retrive; According to the National Ausit Office, due to a variety of causes including poor decision making, improper management and unlawful conduct, a total of 6.372 billion yuan has been wasted by central-owned enterprises over the past year. Of this figure, 2.842 billion yuan can no longer be recouped.; Security Times | 2009-12-31

STOCK MARKET: Trading of of Six Stocks Halted After Price Surge; Stimulated by the rumor that the State Council has given the green light to the issuance of Stock Index Futures, the prices of six related stocks, including Daheng New Epoch Technology and Zhejiang Zhongda Group, surged to their daily upper limit yesterday.; The Beijing News | 2009-12-31

STIMULUS SPENDING: Local Governemts Fail to Come Through With Stimulus Spending; China's National Audit Office released an audit report on stumulus spending for 1,981 projects on Tuesday. The report revealed that 9.07 billion yuan in supporting funds for these projects, which was supposed to come from local governments, has not been secured.; Xinhua News Agency | 2009-12-30

FOREIGN EXCHANGE: China's Foreign Exchange Reserves Increase by over 250 Billion Yuan in November; Latest data from China's central bank reveal that China's foreign exchange reserves increased by 254.3 billion yuan (＄37.2 billion) in November - the second highest monthly rise this year - to 19.1 trillion yuan (＄2.79 trillion). Some analysts say that hot money made up a substantial part of the large increase in reserves.; The Beijing News | 2009-12-30

First Previous 1 2 3 4 5 6 7 Next Last GO Total 42 Page

Consolidating China's Coal Industry: Nation to Follow Shanxi's Lead: As the consolidation of Shanxi's coal industry nears completion, central government officials have indicated that the country will move to speed up consolidation of the coal industry across the rest o...; Source:National Development and Reform Commission

Two Shanghai Officials Under Probe for Bribery: Two shanghai officials are the latest of a series of Chinese officials being deposed this year.; Source:Xinhua News Agency

Year-end Special: Year-end Special: China's Road to Recovery; A digital book tracing the economic developments that have shaped China over the past year...