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

POLICY: State Council Considers Implementation of Plan to Restructure and Revitalize Key...; At a meeting of the standing committee of China's State Council yesterday, participants considered the implementation of a plan to restructure and revitalize certain key industries. The State Council announced six measures aimed at encouraging the transfer of telecommunications, light industry, textiles and other industry to the central and western regions of the country, as well as establishing a...; Securities Daily | 2010-02-25

BANKING: Experts: New Loans to Exceed 600 Billion Yuan in February; Experts predict that new yuan-denominated loans will exceed 600 billion yuan in February, attributing the drop from January's 1.39 trillion yuan to the Chinese NewYear holiday and moves by the central bank to limit liquidity by raising deposit reserve rates at large financial institutions.; Securities Daily | 2010-02-25

HOUSING: Beijing Government Pledges 134,000 Government Subsidised Apartments in 2010; The Beijing municipal government has announced plans to construct or purchase 134,000 subsidised low-income housing this year, a figure, that if achieved, will mean that over 50% of all new apartments in the city will cater to low- and middle-income earners. The government has also announced that over 50% of all the residential land made available for residential property development in the city t...; China Financial Information | 2010-02-24

POPULATION: China's Rural Population Down to 400 Million by 2040; Han Jun, Director of Rural Economic Research Department, which is attached to the State Council, predicted yesterday that as urbanization continues to reshape China, the rural population will likely be reduced to 400 million people by 2040 from the current official figure of 900 million. Although, only 720 million people actually live in rural areas, one quarter of the 600 million people living in...; Beijing News | 2010-02-24

HEALTH: Public Hospital Reforms to be Piloted in 16 Cities Across China; 16 cities have been selected to pilot recently announced reforms to the country's public hospital system. This reforms attempt to eliminate additional medicine expense that many hospitals have relied on as a source of profits in the past.; Securities Daily | 2010-02-24

CCTV: 23 People Indicted on Charges Related to CCTV Fire; 23 people involved in the CCTV complex fire, including Xu Wei, former director of the office in charge of construction of the new headquarters, were officially charged with causing the accident by the second branch of the Beijing Municipal People's Procuratorate on February 21. The fire resulted in the death of one fireman and caused over 163 million yuan (23.99 million US dollars) in economic los...; Beijing Evening News | 2010-02-23

AVIATION: China Southern Airlines Receives 1.5 Billion Yuan Capital Injection; China Southern Airlines, the country's largest carrier, said late Monday in a statement to the Shanghai Stock Exchange, that it was likely to receive 1.5 billion yuan (about 219 million U.S. dollars) of capital injection from its parent company.; Securities Daily | 2010-02-23

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China's Political Consultative Session Opens in Beijing: China's top political advisory body opened its annual plenary session in Beijing on Wednesday afternoon.; Source:Chinese People's Political Consultative Conference

Economic Observer Reporters Cover the NPC and CPPCC: This year The Economic Observer will send four reporters to cover China's "Two Sessions," which get under way this week.; Source:Economic Observer

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...