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CHINA DAILY - Thursday October 9,2008
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China, following other economies, cut the benchmark deposit and lending rates by 0.27 percentage point yesterday to anchor its economy amid a worsening global financial crisis.
A man looks at a video display showing Japanese stock prices in Tokyo yesterday. The Nikkei average plunged 9.4 percent, its biggest drop since the 1987 stock market crash, as fears about a global recession intensified. Reuters
Insight
Zhu Gang and his wife get up early. After helping get in the family's crops from the autumn harvest, the 29-year-old is ready to return to a home appliance assembly line in Suzhou, China's "Garden City" close to the east coast.
Comment
Over the past five years, around 30,000 to 40,000 new foreign investment projects have been approved in China every year, with an annual investment exceeding $60 billion.
Opinion
Life has changed beyond recognition in Tibet since 1959, when the system of monastic feudalism presided over by the Dalai Lama was overthrown and over a million serfs were set free.
International
Republican John McCain and Democrat Barack Obama battled over taxes and the best way to help struggling American workers on Tuesday during a sometimes tense presidential debate that highlighted a wide gap in their economic approaches.
Life
Pick up any fashion magazine nowadays and you are bound to wonder: Is this a sports star or a showbiz celebrity? The line between sports and entertainment is becoming increasingly blurred.