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

SPORT: CCTV Cancels Live Broadcast of China v Japan Football Match; China's Central Television, the country's state-owned broadcaster, cancelled the live broadcast of a February 6 encounter between China's national soccer team and Japan. The decision not to broadcast the match was made at the last minute and no explanation offered. Media reports suggest that recent high-level arrests for match fixing and gambling, may have something to do with the decision not to ...; China News Service | 2010-02-09

ECONOMIC GROWTH: CASS: China's GDP to Grow 11% in Q1; The Center for Forecasting Science under the Chinese Academy of Social Sciences (CASS), a government think-tank, released a report that predicted that, if there were not any serious impacts from external factors, China's gross domestic product (GDP) would grow by 11 percent in the first quarter of 2010. The center also forecast that China would achieve a 10 percent growth in GDP in 2010.; Securities Daily | 2010-02-09

FOREIGN EXCHANGE: Beijing Approves Currency Exchange Services at Four Non-financial Institutions; Beijing Foreign Exchange Administration, which operates under the authority of the State Administration of Foreign Exchange, gave approval to four non-financial enterprises to pilot foreign currency exchange services for individuals on February 5.; The Beijing News | 2010-02-09

COMMODITIES: Steel Industry Profits Down 34% in 2009; The 68 steel companies under the China Iron and Steel Association (CISA) made 56.165 billion yuan in profit during 2009, down 33.64 percent on the previous year, however, production levels were up 11.27 percent on 2008, statistics released by the CISA revealed.; The Beijing News | 2010-02-05

BANKING: Banks Continue To Tighten Credit; Many commercial banks are continuing to tighten their credit policies in February. While they continue to issue loans to high-quality applicants, they've reduced loans to individuals and small- and medium-sized enterprises, sources working in the banking sector revealed without mentioning any specific banks. Banks are reported to be informing regulatory authorities of the total amount of issued cr...; China Securities Journal | 2010-02-05

HEALTH: 5931 Cases of H1N1 Detected in China Last Month; The Ministry of Health announced that during January, 5931 cases of H1N1 (A) influenza were detected in China.; Hebei Youth Daily | 2010-02-05

BANKING: Major Banks Adjust Discount Lending Rates; China Construction Bank and Bank of China recently adjusted the preferential mortgage rates that they offer to first home buyers. Up until now, customers who applied for a mortgage from the above two banks could enjoy a 30% discount on their mortgage rate based on the current government determined one-year benchmark interest rate. Now first home buyers who put down a deposit of 20% or more, are on...; China Securities Journal | 2010-02-04

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China Begins Registration of Stock Index Futures Trading Accounts: The introduction of China's first stock index futures exchange moved a step closer yesterday when Chinese investors began lodging applications to set up trading accounts on the new board.; Source:China Securities Regulatory Commission

China's CPI Up 1.5% in January: China's CPI registered a year-on-year increase of 1.5 percent in January, the National Bureau of Statistics announced Thursday.; Source:National Bureau of Statistics

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...