Word: primed
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Dates: during 2000-2009
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...liberalization of China's business may recede to some extent because the recession will cause the level of government support for the economy to grow to keep GDP from contracting. The nation's prime minister says GDP will grow 8% this year, which seems nearly impossible. But if the government does have to offer financial support to the banks and industry, it will certainly come with some strings attached and may even cause the central government to take larger shares in businesses that it had planed to privatize...
...These were expensive lessons, but make no mistake: Beijing has not decided staying home is better than "Going Out." State companies are still sitting on mountains of cash, and although China's economy is slowing, officials see the global recession as a prime opportunity to cheaply acquire holdings of strategically important natural resources such as iron ore, copper, oil and gas - commodities China's leadership knows it will need much more of in the long run. In the past month, Chinese companies have bought assets abroad at an unprecedented pace. Aluminum Corp. of China (Chinalco), a major holding company focused...
...while Washington's public humiliations often hang on mere misdemeanors of a sexual, financial or chemical nature, the economy depends on Geithner's ability to restore confidence, as President Barack Obama argued in a prime-time press conference on Feb. 9. "My instruction to [Geithner] has been, Let's get this right. Let's create a template in which we're restoring market confidence," he said, later adding, "Ultimately, the government cannot substitute for all the private capital that has been withdrawn from the system. We've got to restore confidence so that private capital goes back...
...with the head of the country's trade-union umbrella group warning of a "doomsday situation" should the government fail to introduce a recovery plan that gains the support of social partners. According to the most recent opinion polls, only 10% of Irish voters say they have confidence in Prime Minister Brian Cowen's government. "People are very, very angry about these scandals and the skulduggery that was going on in the banks," says Peter Bunting, assistant general secretary of the Irish Council of Trade Unions. "We need everyone to put their shoulder to the wheel. It shouldn't only...
...game among Israeli aides yesterday was checking their wristwatches to see how much time U.S. Secretary of State Hillary Clinton gave to Tzipi Livni and Benjamin Netanyahu - the political rivals who are both staking a claim to become the country's next Prime Minister. In her first swing through the Middle East since taking over as Secretary of State, Clinton was careful not to show favoritism toward either Israeli contender. Each got 60 minutes...