Word: banke
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...reach a bipartisan compromise after marathon talks on Thursday, they effectively handed the hot-button issue to the person they believe should have dealt with it in the first place: President George W. Bush. And in a statement on Friday morning, the Administration said it would consider using the bank bailout money already approved by Congress to rescue the auto industry...
...Axelrod said that voters needed to be reassured that Obama represented “safe change,” and that the collapse of the investment bank Lehman Brothers on Sept. 15, with the first presidential debate on the horizon, provided an opportunity...
...deciding whether to continue to detain Chen or release him on bail. He and his wife, along with his son and daughter-in-law, will face trials that could last a few years. Chen is accused of using his son and daughter-in-law as figureheads to open overseas bank accounts holding US$21million. Chen has maintained that the funds were leftover campaign funds and denies any wrongdoing. He and his wife are also indicted in three other corruption cases. In total, 14 people, including former aides and officials, were indicted Friday...
...third quarter of 2008. The government hopes to maintain GDP growth of 8% or above next year. If growth falls below that level unemployment could reach destabilizing levels. In the official press, the phrase bao ba, or "protect eight," has now become a mantra. Last month the World Bank lowered its GDP growth estimate for China...
...priority industry for the Chinese government, and many carmakers are already heavily backed by the state, which could aid to keep local champions afloat through the downturn. This week Chery, one of the country's most successful domestic automakers, received a $1.5 billion loan from China's Export Import Bank. Jin Yibo, Chery's spokesman, says that the loan isn't government aid or any sort of bailout, but a "business deal" between Chery and the bank. However the money is characterized, it will be a boost to Chery's operations. Jin says the funds will be used for export...