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

EDUCATION: Children of Migrant Workers to be Allowed to Take CEE in Cities Where Their Pare...; The Ministry of Education has called on local branches to pilot the policy of allowing children of migrant workers to take part in the College Entrance Examination (CEE) in the cities where their parents work. Local educational bureaus who want to pilot the policy should first hand in an application and propose an implementation plan.; The Beijing News | 2010-05-17

CRIME: Huang Guangyu Case to Be Sentenced May 18; The sentence against Huang Guangyu, founder of China's largest home appliance retailer Gome, who was charged with insider trading, illegal business dealings and bribery, will be announced on May 18 at Beijing No.2 Intermediate People's Court.; Legal Daily | 2010-05-17

LAW: Shenzhen Tears Down "Palace-on-the-Sea"; A luxurious private club on the Shenzhen City coast which was constructed several years ago without permission from the local government, began to be torn down yesterday by order of the Shenzhen Longgang District People's Court. According to a media report, this palace-like building cost its owner one hundred million yuan and was given the name by its owner, "palace-on-the-sea".; Guangzhou Daily | 2010-05-14

HEALTH CARE: Public Hospital Patients Allowed to First Get Treatment, then Pay; Patients of public hospitals will be allowed to get treatment first and then pay their hospital bills, though they will be required to give a deposit before receiving treatment, according to Zhao Minggang, vice director of the Ministry of Health's Department of Health Management and Policy. He also stated that charging a deposit was only a temporary policy and would be eliminated once China's syst...; The Beijing News | 2010-05-14

PUBLIC HEALTH: 30.3% of Registered Beijing Residents Suffer from High Blood Pressure; Almost one third of registered Beijing residents were suffering from high blood pressure in 2009, the first white paper on the health conditions of Beijjing residents shows. It also indicates that while the height growth rate of children is slowing every year, children are also becoming increasingly fatter.; The Beijing News | 2010-05-14

INVESTMENT: Private Capital Allowed to Invest in Policy-based Housing Projects; The Chinese government will encourage and guide private capital to invest in policy-based housing projects, public projects as well as monopolistic industries including fuel, telecommunications, aviation, nuclear power and railway transport, Premier Wen Jiabao stated in the Executive Meeting of the State Council. This is the first time the Chinese government will provide private investors with par...; The Beijing News | 2010-05-14

BANKING: Chinese Banks Can Withstand a 30% Decrease in Housing Prices; According to stress tests imposed on Chinese banks by the China Banking Regulatory Commission, the Industrial and Commercial Bank of China and the Construction Bank of China may be able to handle a housing price drop of around 35%; the Communications Bank of China may withstand a housing price fall of 30%; China Minsheng Bank and China Merchants Bank can survive if housing prices decrease by 40% a...; The Beijing News | 2010-05-13

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China Issues New Guidelines to Develop Private Economy: A new document is introduced to encourage and guiding China's private investment.; Source:Economic Observer

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

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...