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US Attempts a Very Chinese Bailout

Beijing blazed this trail in '98, and dependence more important now

By Kevin Spak,  Newser Staff

Posted Oct 16, 2008 1:49 PM CDT

(Newser) – Wondering how the bailout will work out? Look no further than China, David Ignatius writes in the Washington Post. Beijing test-piloted exactly this kind of strategy, doling out $15.1 billion to buy up companies gashed by the 1998 Hong Kong market crash. Now, he...   Read full story »

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