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

HEALTH: China Opens Up to WHO in Review of On-going Reform of Health Care System; Chen Zhu, Minister of Health, yesterday revealed that China will draw up plan to review the progress made in the country's on-going reform to the health care system. The minister also said that the government would invite the World Health Organization to take part in the review.; The Beijing News | 2010-06-15

SECURITY: Ministry of Public Security Announces Seven-month Campaign Against Violent Crime; The Ministry of Public Security held a video conference yesterday announcing it plans to conduct a special seven-month campaign to tackle various violent crimes. One of the stated goals of the campaign is ensure social stability for the on-going Shanghai World Expo and the upcoming 2010 Asian Games to be held in Guangzhou in November this year.SourceThe Beijing NewsGoogle Translation; The Beijing News | 2010-06-14

CORRUPTION: High-level State Food and Drug Administration Official Under Investigation; An official from the Central Commission for Discipline Inspection of the Communist Party of China (CPC) confirmed that Zhang Jingli, vice director of the State Food and Drug Administration, has been placed under investigation on suspicion of violating party regulations and laws.; Xinhua News Agency | 2010-06-14

STATE-OWNED COMPANIES: China's Top Auditor Releases Results of Investigation into Six State-owned Enter...; China's National Audit Office (NAO) released the results of audits performed on the revenues and expenditures of six centrally-owned enterprises (COE), including China National Aviation Holding Company, China Southern Airlines Company, China Eastern Airlines Company, China Huadian Corporation, Shenhua Group Corporation and China Resources Company. The NAO said thirty-seven senior managers employed...; The Beijing News | 2010-06-14

LOCAL GOVERNMENT: State Council to Clear Debts of Local Financing Platforms; According to a notice released on June 10, the State Council will require local governments to make an overall review of the debts of their financing platforms and prohibit them from providing irregular guarantees to other parties. Ongoing public projects that are still being constructed will have to be financed either through local governments budgets or rely on the market for capital rather than...; The Beijing News | 2010-06-14

ECONOMIC INDICATORS: CPI Up 3.1% in May; China's consumer price index (CPI) was up 3.1% in May, on a year-on-year basis, but decreased by 0.1% when compared with the measure for April. The CPI figure for the first five months of 2010 is 2.5% higher than that registered over the same period last year, statistics released by the National Bureau of Statistics this morning revealed; China News Service | 2010-06-11

REAL ESTATE: Beijing House Prices Register Slight Decline in May; The average price of housing across 70 large- and medium-sized cities in China grew by 12.4 percent in May when compared to last year and were up 0.2 percent when compared with April. The average price of housing in Beijing however, decreased by 0.1 percent on the previous month, the first time in 15 months that the figure has registered a month-on-month decline.; The Beijing News | 2010-06-11

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China's CPI Up 3.1% in May: China's CPI rose 3.1 percent in May from a year earlier, the NBS announced at a news briefing on Friday morning.; Source:National Bureau of Statistics

Visa Takes On China UnionPay: The conflict between Visa and China UnionPay has come to a head, with Visa announcing it plans to block use of the CUP settlement channels from Aug 1; Source:The Economic Observer

INTERVIEW WITH PASCAL LAMY: Economic Observer Exclusive: Interview with Direct...; We ask Pascal Lamy, the Director-General of the WTO, about the recently-released third Tra...