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...another in the decades since, for much of which India was close to China's erstwhile communist rival, the Soviet Union, while China has been a reliable ally of India's arch-foe, Pakistan. "The two sides will be like two porcupines facing each other," says Delhi-based security analyst C. Uday Bhaskar, "They have had little contact for 40 years, and a negative perception of the other still prevails, more so, perhaps, on the Indian side...

Author: /time Magazine | Title: Can China and India Be Friends? | 12/21/2007 | See Source »

...China's overall share of Russia's foreign-car market is relatively small - just 3% in mid-2007 - sales jumped 472% in the first half of the year and are projected to double in 2008 to between 100,000 and 150,000 units, says Moscow-based Ernst & Young auto analyst Ivan Bonchev. "The Russian market is growing extremely fast, with heavy demand for cars, which domestic makers far from satisfy," says Great Wall Motor president Wang Fengying...

Author: /time Magazine | Title: Road Test | 12/19/2007 | See Source »

...Political analyst Professor Adam Habib told South Africa's Business Day newspaper, "[Mbeki] should have spoken from the heart, and acknowledged some of the blame. He said someone else was to blame. With this, he cemented the divisions...

Author: /time Magazine | Title: South Africa's Mbeki Repudiated | 12/18/2007 | See Source »

...with revenues from record-high oil prices, the Libyan leader is rebuilding his military virtually from scratch, since decades-long Western sanctions banned him from purchasing arms and replacing broken equipment. "Libya's military inventories during the embargoes degraded to the point of being useless," says Matthew Smith, economics analyst for Jane's, the London-based defense research group. The organization this week estimates Libya's military spending was about $620 million last year - small change for the gargantuan defense industry. And since Libya has few military factories, Gaddafi is also unlikely to demand "offsets" - a common practice in arms...

Author: /time Magazine | Title: French Defense Execs Woo Gaddafi | 12/14/2007 | See Source »

...France's former colony and close neighbor - rejected the Rafale and instead bought Lockheed Martin's F-16 fighter jet, which has seen years of combat, including in Afghanistan and Iraq. "Even the French Air Force hasn't bought all the Rafale jets it promised," says Andrew Brookes, military analyst for the International Institute for Strategic Studies in London. "It's like buying a car that no one has bought from a showroom." For the same reason, France has been squeezed out of the arms industry's hottest contest underway - a $10-billion deal to overhaul India's Air Force...

Author: /time Magazine | Title: French Defense Execs Woo Gaddafi | 12/14/2007 | See Source »

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