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

LAW: Detention Center Death Attributed to "Drinking Hot Water"; A man named Wang Yahui was detained by local police in Henan's Lushan county on suspicion of burglary on February 18 this year. However, three days after he was taken away by the police, Wang died in a local detention center. Local police explained that his death had been caused by drinking hot water. At present, the local procuratorate has intervened in the investigation into the case.; The Beijing News | 2010-03-02

MINING: One Killed, 31 Trapped in North China Coal Mine Accident; One worker was killed and 31 others were trapped after an accident at a coal mine in northern China's Inner Mongolia Autonomous Region flooded the mine early on Monday, according to the local coal mine safety administration. The relatively mine was built and run by the Shenhua Group, the country's largest coal supplier, and aims to extract 1.5 million tons of coal a year.; The Beijing News | 2010-03-02

EDUCATION: China Aims to Raise Spending on Education to 4% of GDP; According to a draft Chinese plan to fund the country's education system from 2010 to 2020, the state will finally achieve the goal of raising total government spending on education to 4 percent of GDP by 2010. The goal was first proposed in 1993, when policy makers pledged to achieve the 4% of GDP figure before the end of 20th century.; The Beijing News | 2010-03-01

HOUSING: Wen Jiabao: I Understand the Frustration of Home Buyers; During a high-profile and rare "exchange of views" with Chinese web users on Saturday, Chinese Premier Wen Jiabao again emphasised the series of measures that the central government has adopted in order to rein in rapidly accelerating housing prices. The premier also mentioned that he understood the frustrations of many potential home buyers as were represented in the recently screened popular TV ...; The Beijing News | 2010-03-01

POLICY: China's Alternate Parties to Focus Attention on Financing Difficulties Facing Sm...; Members of the 11th National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC), known as the two sessions (两会) in Chinese, meet this week with the annual CPPCC opening on March 3 and the NPC meeting getting under way on March 5. The CPPCC is a forum for China's alternative parties to put forward proposals to government. One of this year's most well-supporte...; Shanghai Securities News | 2010-03-01

INTERNATIONAL FINANCE: Zhu Min Appointed as Special Adviser to IMF President; The International Monetary Fund (IMF) has appointed Zhu Min as a special adviser to the intstitution's managing director Dominique Strauss- Kahn. Zhu has been serving as vice president of the People's Bank of China since October, 2009. China's Central Bank welcomed the move and noted that it was an important step to improve the administrative structure of the international financial institution.; Securities Daily | 2010-02-25

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

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NPC: Highlights of Government Work Report: The annual full session of China's National People's Congress (NPC), the country's top legislature, got under way in Beijing on Friday morning.; Source:NPC

What to Expect from This Year's NPC: Main items on the agenda include the consideration and discussion of work reports from the central government, the standing committee of the NPC and the Supreme People's Procuratorate.; Source:NPC

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...