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...result of its economic boom, China has amassed a staggering $2 trillion in foreign exchange - the largest reserves in the world - and is beginning to invest significant amounts abroad. Today, 37 Chinese multinational corporations rank among FORTUNE's top 500 global companies, up from just six a decade ago, while 450 out of the FORTUNE 500 American companies have production lines and a business presence in China. China has become the world's largest recipient of foreign direct investment. To fuel its economic boom, China's voracious and insatiable appetite for raw materials has led it to absorb large amounts...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...daily life that they and their ancestors had never known. Chinese state and society have also reconnected with the past, emphasizing Confucian and Buddhist values. More than 200 million people have been lifted out of poverty and the members of a growing middle class with disposable income travel abroad, invest in the stock market, dine out and decorate their stylish apartments with furniture purchased from stores like Ikea. Access to education has become far more widespread. Some 21 million students attend university today, while an estimated 300,000 study abroad every year. Approximately 206 million Chinese children attend primary...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...This week, however, Iran heads into talks in Geneva with the U.S. and five other world powers more vulnerable at home and abroad than at any time since the revolution's chaotic early days. Despite defiant talk and a weekend display of military force, the world's only theocracy begins its most important diplomatic engagement in three decades in real trouble. (See international protests of Iran's election...

Author: /time Magazine | Title: Power to Chaos — Tracking Iran's Four-Month Slide | 9/28/2009 | See Source »

...might be the first time they have tried to attack U.S. interests outside Afghanistan and Pakistan. If the Taliban have joined al-Qaeda in taking the fight to the West, then counterterrorism and law-enforcement authorities will need to greatly expand the scope of their operations, at home and abroad. "If he's Taliban, then it greatly expands the universe of people you want to put under surveillance," says Bill Rosenau, a counterterrorism expert at Rand Corp...

Author: /time Magazine | Title: Three Key Questions About Zazi and Terrorism | 9/26/2009 | See Source »

...Zelaya told the Miami Herald earlier this week that the Micheletti government was "threatening me with death" and that "Israeli mercenaries" were trying to zap him with high-frequency radiation, Brazil admonished him to soften his rhetoric. But after army and police riot squads were criticized at home and abroad this week for their heavy-handed use of clubs, tear gas and mass arrests, Zelaya still argues, "We came here for dialogue and they answer us with war. Since the coup this has become a violently repressive regime." Micheletti supporters, however, suggest that's part of Zelaya's strategy...

Author: /time Magazine | Title: Honduras Quagmire: An Interview with Zelaya | 9/26/2009 | See Source »

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