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CHINA DAILY - Wednesday October 1,2008
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WASHINGTON: The $700 billion US bailout bill failed to clear the House on Monday, triggering a mad scramble for a fresh plan to rescue a beleaguered financial market and prevent a global stock meltdown yesterday.
A distraught trader tracks share movements on the floor of the New York Stock Exchange on Monday. The Dow Jones industrial average plunged 777 points, its biggest drop in history, after the US government's financial bailout package failed to pass.      AP
Nation
China has vowed to tighten regulation over the dairy industry by bringing all milk procurement stations in the country under one supervision system, a senior official said yesterday.
Business
Renault SA Chief Executive Officer Carlos Ghosn needs a new blockbuster to pull Europe's worst-performing auto stock out of a nosedive and defend his reputation. He may not get it when he introduces the revamped Megane compact at the Paris Motor Show this week.
Life
Wujiang Road is a hot topic these days. The 400m road famous for its night market and street food will soon be no more.
Sports
INDEPENDENCE, Ohio: LeBron James keeps his Olympic gold medal in his home office, and from time to time Cleveland's star takes a peek at it.