China Financial Daily

June 30, 2009

China’s first lottery Ordinance

Filed under: Financial News — Tags: — lily @ 10:09 pm -0700

China’s first lottery Ordinance
China’s Government has asked local authorities to fully implement its first lottery regulation will take effect July 1.

The new rules, the first time, because the sale of lottery tickets be allowed in 1987, aimed at strengthening the supervision of the fast-growing lottery industry and to remove fraudulent.

It has been jointly issued a circular late on the 9th in the Ministry of Finance, the Ministry of Civil Affairs in the State Sports General Administration, will work out technical standards for the lottery facilities Lottery detailed and approved, the financial supervision of the sale of lottery tickets.

China sold a total of 60.4 billion yuan (888 million U.S. dollars) of welfare lottery in 2008, mainly for the development of social welfare facilities, education and health care of the orphans, the elderly and the disabled.

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China to amend the Statistics Law to stop the forgery of data

Filed under: Financial News — Tags: — lily @ 10:07 pm -0700

China to amend the Statistics Law to stop the forgery of data
China’s largest 23, the legislature passed a law to amend the Census and Statistics, and its purpose is to prevent forgery of official figures.
The revised law, to take effect January 1, 2010, aims to punish officials who “intervention of government statistical work and data manipulation or fabrication.”

The law enacted in 1983.

Under the revised law, government officials and leaders of institutions are prohibited from changing the data collection, statistical workers.

Statisticians must retain the original records and to improve the management of data matching, signature, transfer and archiving, to ensure the authenticity and credibility of the statistics law.

Statistical staff also need to exercise discipline and “remain free from any interference of the data.”

In addition, “Who so intentionally altered or forged official statistics, statistical agencies require forged data or retaliation staff who refused to commit such acts will be punished.”

It added that the fabricated data in order to obtain honor and material reward or promotion of the law will be punished, if convicted.

The top legislature of any serious examination of the data to create the implementation of the Statistics Act in recent years.

Law of the National People’s Congress officials said the inspection report, in the southwestern city of Chongqing, only require statisticians to add “0″ the production value of the local enterprises as the “30 million yuan” (about 4.4 million U.S. dollars) the previous “3 million yuan,” in order to achieve its annual economic development goals.

Before the National Bureau of Statistics (NBS) Li Deshui said the Secretary, in March 2005 the cumulative gross domestic product data submitted by local governments was 3.9 percentage points higher than the National Bureau of Statistics data. Differences in nearly 2660 billion yuan.

National Bureau of Statistics said Ma Jian Tong last year, such as falsification of statistics and decision-making deliberate changes in the data accounted for about 60 percent of all violations.

Observers believe that blind admiration for the economic growth, it was an official of the performance indicators, is one of the main reasons for shifting some officials falsified statistics.

The ninth session of the Standing Committee of the 11th National People’s Congress, the supreme legislative body, closed its up-to-date for a 6-day, bi-monthly meeting on Saturday.

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China’s top legislature abolishes eight outdated, redundant laws

Filed under: Financial News — Tags: — lily @ 10:06 pm -0700

China’s top legislature abolishes eight outdated, redundant laws
China’s largest 23, the legislature passed a law repealing the eight, including involving the police station can be traced back to 1954, is to eliminate redundant, conflicting and outdated laws.
These laws include those relating to the police station, urban neighborhood offices, the use of state-owned barren hills and wasteland, and through the establishment of overseas Chinese and overseas Chinese schools and the contributions, four laws can be traced back to the 20th century, the 50’s.

The other four, including tax laws, tax evasion, law enforcement checks and cross-border trafficking in human beings. Replaced by or contained in the law later.

The first batch of eight law proposes to remove the package in more than 20 years, experts said.

These laws “does not apply to the current economic and social development, especially the socialist market economy conditions, said:” Lebanon?vision director for legislative affairs committee of the National People’s Congress Standing Committee, informed members at the same time Monday.

The top legislature began in July last year to streamline the law, “in 1972 provided more than 200 clean-up warning about the law,” Li said.

As of June 26, 2008, China has 229 laws include the Constitution, civil and commercial law, administrative and economic law and criminal law, and so on.

“Some laws do not meet each other, and there are laws that are not feasible, or difficult to implement, through state power,” he said.

Beijing University Law School strong week that a mature legal system need to take out of date law books.

Han-yun, director of Suotong law firms in the southwest Chongqing Municipality said that although China’s legal system has been formed, some law is not feasible to develop or very poor.

“Remove the law should be a priority,” the lawmakers said Han Guangsheng.

111 Abolition of the top legislature announced that the law in 1987 through the overhaul of the law from 1949 to 1978. The State Council carried out 10 inspections since the reform and opening up began in Ordinance 1978.

The ninth session of the Standing Committee of the 11th National People’s Congress ended a 6-day, bi-monthly meeting on Saturday.

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