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

REAL ESTATE: Beijing Housing Prices Begin to Fall; With the Chinese government taking a tough position on curbing the speculative property market, housing prices in Beijing, Shenzhen and Shanghai have fallen. The prices in Wangjing, an emerging residential district in northeast Beijing that has been targeted by speculators in recent years, has decreased to 22,000 yuan per square meter from 25,000 yuan in mid-April.; China Securities Journal | 2010-05-11

ECONOMY: Central Bank Targets Inflation Expectations; The 2010 First Quarter Monetary Policy Implementation Report released by the People's Bank of China indicates that they will continue to moderately loosen monetary policy, strengthen the management of liquidity and maintain a moderate growth of credit loans as expectations of inflation intensify and the factors causing CPI to increase become more apparent.; China Securities Journal | 2010-05-11

LENDING: Economists Estimate that 600 Billion Yuan in New Loans Were Issued in April; Most research institutes forecast that the new lending figures for April, which are to be announced next week, will reach some 600 billion yuan. At this rate, new loans issued in the second quarter are not likely to surpass 2 trillion yuan.; Securities Times | 2010-05-07

STOCKS: China Stock Index Plunges to Eight-Month Low; China's Shanghai composite index dropped 4.11 percent to close at 2,739 points on May 6, registering an eight month low.; Netease Finance | 2010-05-07

HEALTH: 260 Died of Hand, Foot and Mouth Disease on the Mainland in 2010; Xiao Donglou, an official from Ministry of Health, revealed that as of May 4th, the cumulative number of people reported to have been infected with hand-foot-mouth disease has reached over 427,000 in the first four months of this year, more than 40 percent higher than the same period last year. Of the figure, 260 have died and 5,454 are seriously ill as a result of being infected with the disease.; The Beijing News | 2010-05-07

FOREIGN AFFAIRS: Xinhua Reports on North Korean Leader's Visit; At the invitation of Chinese president Hu Jintao, North Korea leader Kin Jong Il paid an unofficial visit to China from May 3rd and May 7th and held a talk with President Hu in Beijing, according to Xinhua News Agency. Xinhua reported the North Korean leader as saying the DPRK remains unchanged in its position of sticking to the denuclearization on the Korean Peninsula and will work with China to ...; Xinhua News Agency | 2010-05-07

WEALTH: Couple Ride IPO to Top of China's Rich List; Li Li and his wife Li Tan, founder of Shenzhen Hepalink Pharmaceutical, have become the mainland's richest couple overnight after the company completed its initial public offering on the Shenzhen stock exchange yesterday. The stock started trading at a record starting price of 148 yuan per share and as the company's stock rose to 179 yuan per share, the couple's fortune reached 51.5 billion yuan, ...; Panorama Network | 2010-05-06

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Is 650,000 Yuan Worth 11 Years in Prison?: Though it is unfair to say China is an unjust country, today it remains difficult for some ordinary Chinese citizens to get fair treatment.; Source:The Beijing News

China's CPI Up 2.8% in April: China's CPI rose 2.8 percent in April from a year earlier according to the National Bureau of Statistics; Source:National Bureau of Statistics

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...