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

NATURAL DISASTER: 6.4-Magnitude Quake Rocks West China; A 6.4-magnitude earthquake struck China's western Qinghai province earlier this morning.; Liu Peng | 2009-08-28

LAW: End of an Era: China Wipes Crime of Speculation from the Books; China's top legislature is considerring removing outdated laws relating to the crime of speculation, a throwback to the days of China's planned economy, from the country's law books.; Liu Peng | 2009-08-28

BUSINESS: Profits Down at State-owned Enterprises; Profits earned by China's state-owned enterprises (SOEs) registered a year-on-year decline of 22.8% in the first seven months of the year.; Liu Peng | 2009-08-27

FINANCE: CIC No Longer to Pay Interest to the State; China Investment Corporation will change the way it reimburses the state for its original investment in the fund.; Ouyang Xiaohong, Liu Peng | 2009-08-26

BONDS: Issuance of Local-government Bonds to Resume; China will restart the auction of three-year local government bonds on August 28, according to a statement on the Ministry of Finance's (MOF) website.; Zhou Yuning | 2009-08-26

NUCLEAR: Nuclear Transportation Company Reprimanded for Breaking Rules; The China National Nuclear Corporation Everclean Co., Ltd (CNNCE) was reprimanded by government authorities earlier this week after it breached rules covering the transportation of spent nuclear fuel. Founded in 1995 as an affiliate of China National Nuclear Group, CNNCE specializes in the disposal and transportation of nuclear materials. Though CNNCE’s violation did not result in any kind of ...; Zhou Yuning | 2009-08-21

TRANSPORT: New Regional Airline Launched; Joy Air's fleet of domestically manufactured, lightweight and fuel efficient aircraft are likely to push prices for regional flights down.; Yao Bo | 2009-08-20

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Profits at Chinese SOE Continue to Decline: MOF statistics revealed that the profits of China's SOEs dropped 17.6% in the first 9 months of the year, when compared with the same period last year.; Source:Ministry of Finance

New Regulations to Give Foreign Traders Greater Access to China's A-sh...: Draft revisions to China's securities registration rules will give foreign investors greater access to China's equity markets.; Source:China Securities Regulatory Commission

TAX: Taxing Times; China's tax bureau aims to collect an additional 100 billion in tax before the end of the ...