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

LEGAL: Lawyer Admits Falsifying Evidence During Appeal Hearing; During an appeal to an earlier court ruling in which he was sentenced to two-and-a-half years in prison for falsifying evidence and other charges, Beijing lawyer Li Zhuang surprised many on lookers by admitting his guilt but refusing to drop his appeal. Li made repeated admissions of his guilt during the two-day open hearing held in Chongqing on February 2nd and 3rd, 2010 emphasising that this was...; The Beijing News | 2010-02-04

PROPERTY RIGHTS: Two Ministries to Investigate Minor Property Rights; At a press conference held by the Ministry of Land and Resources on Tuesday, an official revealed that the Ministry of Land and Resources and the Ministry of Housing and Urban-Rural Development are currently in the process of conducting a nation-wide survey into minor property rights. The survey is being conducted in order to better devise suitable policy related to the transfer and sale of rural ...; Shanghai Securities News | 2010-02-04

DROUGHT: Yunnan Hit by Worst Drought in 50 Years; China's western Yunnan province is experiencing its worst drought in 50 years. Some 8.85 million people face water shortages and the drought has affected 17.75 million mu (11.8 million hectares) of agricultural land and 2.09 million head of livestock.; China National Radio | 2010-02-04

CORRUPTION: Former Vice President of China Development Bank Faces Corruption Charges; Wang Yi, former vice president of China Development Bank (CDB) has been charged by prosecutors and will face a Beijing court soon. Local prosecutors have charged Wang with taking bribes worth over 17 million yuan during the time he served as both vice chairman of China Securities Regulatory Commission and later as vice president of the CDB.; The Beijing News | 2010-02-04

REAL ESTATE: China Raised 1.6 Trillion Yuan from Land Transfers in 2009; China's Ministry of Land and Resources yesterday published statistics revealing that the revenue that local governments raised from land transfers in 2009 came to 1.59 trillion yuan, an increase of 63.4% on last year's figure. Land set aside for property development accounted for 84.2% of the total revenue.; The Beijing News | 2010-02-04

CORRUPTION: Trial of High-level Chongqing Police Officer Begins; A hearing will be held today to try Wen Qiang, formerly the No.2 figure in the Chongqing police force, on charges of rape, taking bribes and providing protection to local criminal gangs. Wen will also be charge with the crime of being in possesion of a large amount of property which can't be accounted for. According to one legal expert, if Wen is found guilty on all charges he is likely to receive...; People's Daily | 2010-02-02

GOVERNANCE: China Announces Date of Annual Meeting of NPC and CPPCC; The meeting of the Chinese People's Political Consultative Conference (CPPCC) will be held from March 3th and the China's National People's Congress (NPC) will meet from March 5th. The meetings will overlap and both will take place in Beijing.; China National Radio | 2010-02-02

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Reform of Public Hospital System Receives State Council Approval: Long-awaited reforms to China's public hospital system received in-principle approval from the country's State Council on Tuesday.; Source:State Council

Vehicle Emission Tax Considered as Part of New Environmental Tax: The Chinese government is considering imposing a tax on car emissions as part of a proposed environmental tax.; Source:The Beijing News

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...