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

CORRUPTION: Former Assistant to Minister of Public Security Accused of Receiving Bribes Over...; Zheng Shaodong, former assistant of the Minister of Public Security, was on trial in Xian Intermediate People’s Court yesterday. He is accused of having received bribes of over 8.26 million yuan from 2001 to October 2007.; The Beijing News | 2010-07-08

STOCK MARKET: Tang Jun’s Alleged Fake Doctorate Degree Might Influence SNDA; Tang Jun, former CEO of China’s top online game company, SNDA, and now CEO of the New Huadu Industrial Group, has been accused by Fang Zhouzi, an anti-counterfeit professional with a doctorate degree from America, of fabricating a doctorate degree with the California Institute of Technology and Japan's Nagoya University. If such an accusation is true, it will influence SNDA’s performance on NASDAQ...; The Beijing News | 2010-07-08

ANTI-CORRUPTION: Wen Qiang To Be Executed Today; Chongqing Higher People's Court announced this morning that the Supreme People's Court has approved the execution of Wen Qiang, former director of the Chongqing municipal justice bureau, who has been convicted of rape, bribery and colluding with organised crime. His execution will take place today.; Chongqing News Network | 2010-07-07

FOOD: SFDA Will Inspect McDonald's Chicken McNuggets; Due to reports that suspect McDonald's Chicken McNugget of including industrial chemical elements, Beijing's Municipal Food Administration has launched a special investigation into McDonald's. The State Food and Drug Administration and other health departments will jointly monitor the safety and hygiene of McDonald's food as well.; The Beijing News | 2010-07-07

BOND: China Becomes Japan's Second Largest Bond Holder; In the first four months of this year, China purchased 541 billion yen worth of Japan's treasury bonds and has become Japan's second largest creditor after Britain.; People's Daily Online | 2010-07-07

RECRUITMENT: Open Recruitment to Cover All Public Agencies; As of 2012, recruitment by all public agencies at various levels in China will be open to the public, according to a conference held by the Ministry of Human Resource and Social Security(MHRSS). The focus of this year and the following year will be importing a system of open recruitment to all the public agencies at or below county-level.; The Beijing News | 2010-07-06

STATE_OWNED ENTERPRISES: Forcing State-owned Enterprises to Make Donations Will be Punished; The Ministry of Industry and Information Technology (MIIT) has announced that governmental officials or agencies who force state-owned enterprises to donate money or other items without gaining approval from their owners, will be punished, according to a notice released by the MIIT which aims to decrease the burden of state-owned enterprises.; The Beijing News | 2010-07-06

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China's First Privately-owned English Language Television Network BON ...: We are private, we did not take a penny from the government.; Source:Economic Observer

Mine Bosses Required to Work with Miners Underground: Leaders of coal mines and non-coal mines will be required to take turns to work with miners underground.; Source:Xinhua News Agency

: Interview with Spanish Treasury's Director General; The EO is currently in Europe interviewing government employees, market figures, and local...