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

FINANCE: Foreign Companies May Get Listed on China's Stock Exchange This Year; Foreign companies may get listed on Chinese stock Exchange this year; the China Securities Regulatory Commission is drafting legislation on "International IPO" regulations which may be launched on the Shanghai Stock Exchange as early as this year, according to a statement made by Xu Quan, deputy director of Shanghai's Municipal Financial Office, at a press conference. This echoes China's State Cou...; The Beijing News | 2010-04-15

INVESTMENT: China Disputes the Statement: "Deteriorating Investment Environment"; China's Department of Commerce deputy minister disputed the statement made by some Western media outlets that China's investment environment is deteriorating; she stated foreign enterprises receive the same treatment as domestic enterprises.; Nanfang Daily | 2010-04-15

ECONOMY: National Bureau of Statistics (NBS) Releases First Quarter GDP And CPI; The National Bureau of Statistics (NBS) Released the first quarter GDP and CPI figures. In contrast with last year's first quarter, GDP (8.0577 trillion yuan) has increased by 11.9 percent and CPI has grown by 2.2 percent.; Nanfang Daily | 2010-04-15

CORRUPTION: Wen Qiang Sentenced to Death; Wen Qiang, former head of the Chongqing judiciary and former deputy police chief of the sprawling municipality in China's southwest, was sentenced to death at 4:45pm this afternoon. According to the verdict, Wen committed the crimes of protecting local criminal gangs, owning large amounts of property the source of which was unclear and rape. Wen will be stripped of his political rights for the res...; Chongqing News | 2010-04-14

EARTHQUAKE: Death Toll from Qinghai Earthquake Over 300; According to the latest reports, more than 300 people are dead and a further 8,000 are injured after an earthquake struck the Yushu Tibetan Autonomous region in the western province of Qinghai at 7.49am this morning.; China National Radio | 2010-04-14

ENERGY: Fuel Prices Up by 0.24 Yuan per Liter; Today prices of fuel and diesel fuel will be raised by around 0.24 yuan per liter and 0.27 yuan per liter respectively, according to a notice released by the National Development and Reform Commission (NDRC). After the price readjustment, the supply prices of fuel and diesel fuel will be lifted to 7,420 yuan per ton and 6,680 yuan per ton respectively. This is the sixth time the NDRC has adjusted ...; People's Daily | 2010-04-14

REAL ESTATE: Individuals Prohibited from Buying Multi-sets of Houses in Cities with Skyrocket...; Individuals in cities with skyrocketing housing prices and a shortage of housing are prohibited from buying multi-sets of houses in order to curb the unreasonable rising of housing prices, according to an official with the Ministry of Housing and Urban-Rural Development (MHURD). MHURD also plans to expose and punish developers who keep properties off the market and purposely drive up housing price...; The Beijing News | 2010-04-14

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State Council Rules Regarding Foreign Investment: China has recently released an announcement titled,“State Council Rules Regarding the Further Utilization of Foreign Investment.”; Source:Economic Observer

China's GDP Grew 11.9% in the First Quarter: China's GDP rose 11.9% while its CPI rose 2.2% in the first quarter of 2010.; Source:State Council Information Office

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...