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

STEEL: CISA Urges Steel Companies to Boycott Mining Giants for 2 Months; China Iron and Steel Association (CISA) and the China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters recently urged China's steel companies not to import iron ore from the world's three largest iron ore suppliers for two months in response to their attempts to scrap annual contracts in favor of shorter term contracts.; National Business Daily | 2010-04-08

WESTERN CHINA: Wen Jiabao Elaborates on Plan to Develop Western China; Chinese Premier Wen Jiabao announced at a meeting of the Standing Committee of China's State Council on April 7th that developing key economic zones would be the emphasis of the country's plan to develop it Western regions over the coming decade.; Shanghai Securities News | 2010-04-08

STOCK EXCHANGE: Ceremony to Mark Launch of Stock Index Futures Exchange to be Held Today; Although trading on the China Financial Futures Exchange does not start until April 16, a ceremony to mark the opening of the exchange will be held in Shanghai today at 3:30 pm.; China Securities Journal | 2010-04-08

MINING: Shanxi Coal Mine Death Toll Rises to 12; The number of miners killed when water flooded the shaft of the under-construction Wangjialing coal mine in north China's Shanxi Province has risen to 12, as of 6am on April 8, according to an announcement by the local rescue headquarters. According to the announcement, 153 people were trapped underground after the accident, but as of April 5, 114 people had been safely lifted from the mine. At pr...; Xinhua News Agency | 2010-04-08

MEDIA: SARFT Bans Use of English Acronyms in TV Broadcasts; China's State Administration of Radio, Film and Television had issued a circular to China's Central Television (CCTV) and other media, requiring them not to use NBA, GDP, WTO, CPI and other English acronyms in Chinese-language broadcasts.; The Beijing News | 2010-04-08

INDUSTRY: Six Bodies Found in Wangjialing Coal Mine; Ten days after the Wangjialing coal mining accident, six bodies have been found. Thirty-two coal miners are still trapped. Sixty of the one-hundred and fifteen survivors who were saved on April 5 have been relocated to Taiyuan for treatment.; The Beijing News | 2010-04-07

SOCIAL SECURITY: Profits of State-owned Enterprises to Fund Spending on Social Security; Local governments above county-level will be required to establish budgets that manage the profits of the state-owned enterprises under their control. Profits from the state-owned enterprises will be used to fund public spending and social security, according to the Regulations on Operation Budget of State-owned Assets (draft) recently issued by the Ministry if Finance (MOF). According to the 2010...; Shanghai Securities Daily | 2010-04-07

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Boao Forum: Pursuing Green Recovery: This year's Boao Forum for Asia themed, "Green Recovery: Asia's Realistic Choice for Sustainable Growth" came to a close; Source:Boao Forum Official Website

Centrally-Owned Enterprises Submit Plans to Exit Real Estate Market: All 78 of the COEs tasked with preparing strategic plans outlining how they plan to exit the real estate market have submitted their reports to SASAC.; Source:The 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...