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According to CNNIC (the .CN registry), this may be the beginning of the end of .CN domain speculation:
In order to further enhance the authenticity, accuracy, and integrality of the domain name registration information, now notify as following:
1. Domain name applicants need to submit the formal paper based application material when making the online application to the registrar. The application material includes the original application form with business seal, company business license (photocopy), and registrant ID (photocopy).
2. Registrar should carefully review the application material. When application is deemed qualified, registrar need to submit the application material via fax or E-mail to CNNIC, and withhold the original application material.
3. From the day of the submission of online application, if CNNIC does not receive the formal paper based application material within 5 days or the application material auditing is not qualified, the domain name to be applied will be deleted.
4. The above regulations will be executed since 9:00AM (Beijing Time), Dec 14th, 2009.
Source: http://www.cnnic.net.cn/html/Dir/2009/12/12/5750.htm