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

TAIWAN: Beijing Plans to Construct Highway Connecting to Taiwan; The Chinese mainland is planning to construct a highway connecting Beijing and Taiwan; the Beijing government's April 19 announcement was reported in the United Daily News, a Taiwan-based newspaper. It said, such a speedway is will not only be an engineering feat, but will be a political project that indicates the mainland's determination to unite the whole nation; China Daily | 2010-04-21

LAW: Huang Guangyu's Case Goes to Trial April 22; The trial of Huang Guangyu, founder of China's largest home appliance retailer-Gome will begin on April 22 at Beijing's No.2 Intermediate People's Court. The trial will last three days.; Xinhua News Agency | 2010-04-20

COMMERCE: China's Commerce Ministry Refutes False Report on RMB Exchange; China's Ministry of Commerce on April 19th refuted a media report stating that while attending the China Import and Export Fair in Guangzhou, Vice Minister of Commerce Zhong Shan revealed that China and the US have already negotiated a preliminary agreement that the exchange rate of the RMB against the US dollar would be kept basically stable.; The Beijing News | 2010-04-20

FINANCE: China's SOE Profits Rise 75.8%; China's Ministry of Finance announced yesterday that state-owned enterprises earned 408.8 billion yuan in profits in the first quarter of 2010, a year-on-year rise of 75.8 percent. However, the figure was a 0.2 percent decrease from last quarter's.; The Beijing News | 2010-04-20

NATURAL DISASTER: China to Mourn Qinghai Earthquake Victims; China's State Council decided to mourn the victims of the Qinghai Province earthquake on April 21; China's national flag will be flown at half-mast within China and at its embassies and consulates overseas. Additionally, public entertainment will be stopped that day. The quake has killed more than 2,000 people.; China News Service | 2010-04-20

TRADE: China's Foreign Trade Ambitions for the Next Decade; The Research Institute under the Ministry of Commerce released the report "China's Foreign Trade Development in the Post-crisis Era" on April 18. This report states that China plans to double its trade volume of goods and services to reach approximately 5.3 trillion US dollars after the next decade.; The Beijing News | 2010-04-20

STOCK MARKET: The Ban on 40 Billion Worth of A-shares to be Lifted this Week; The restriction on 40 billion US dollars worth of A-shares will be lifted on April 14; the shares will be allowed to be traded on China's Shanghai or Shenzhen stock markets.; The Beijing News | 2010-04-20

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Billionaire Gome Founder on Trial: Huang Guangyu, one of China's wealthiest individuals, is standing trial on charges of insider trading, illegal business dealings and bribery.; Source:Economic Observer

Life Sentence for Two Developers Responsible for Shanghai Building Col...: Two property developers responsible for the collapse of a Shanghai apartment building last year, were sentenced to life in prison yesterday.; Source:Xinmin Daily

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...