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...There's no international law that bans the development of missiles for self-defense and the sale and shipment of missile technology. A 1987 voluntary accord known as the Missile Technology Control Regime did not include China or any Middle Eastern nations; in fact, the only Asian country that has signed it is Japan and the only African country that has signed it is South Africa. But with Security Council passage of two provisions that "require" U.N. members to prevent the transfer of "missile and missile-related items, materials, goods and technology" to North Korea and to prevent North Korea...

Author: /time Magazine | Title: Why the U.N. North Korea Resolution Might Really Work | 7/18/2006 | See Source »

...Most Asian carmakers have taken a humble route to U.S. shores: Toyota's 1968 Corolla carried a modest price tag; South Korea followed in 1986 with the Hyundai Excel. Chinese carmakers Geely and Chery both hope to storm the low end of the U.S. market. But China's Nanjing Automobile Group wants to raise the bar by selling roadsters in the U.S. from 2008 under the famous MG marque. Nanjing, which bought MG Rover last year, hopes to build the $25,000 MG TF coupes in Oklahoma at the first Chinese auto factory on American soil-a long way from...

Author: /time Magazine | Title: Coming to America | 7/17/2006 | See Source »

...their longtime alliance has become increasingly strained as China modernized its economy and prospered while the North remained isolated and stagnant. "China and the D.P.R.K. have enormous mutual distrust in spite of the fact that they have an alliance on paper," says Michael Green, who was senior director for Asian affairs for the Bush White House's National Security Council and met with Chinese officials to talk about nuclear proliferation issues in 2004 and 2005. One of Beijing's concerns is that Kim's nuclear belligerence will encourage China's ancient rival Japan to increase the role of its military...

Author: /time Magazine | Title: The Worst of Friends | 7/17/2006 | See Source »

...last week was a reminder, to a world dazzled by India's economic boom, that the nation is not immune to problems that threaten cities all over the world, rich and poor. This time the terrorists' target was a global financial capital at the heart of the fast-growing Asian economy and a popular destination for foreign investment. The similarity to recent attacks on transportation networks in Western financial capitals was not lost on residents of Bombay. "First Madrid, then London, now us," says Rakesh Jhunjhunwala, a well-known Indian investor. "The terrorists were trying to attack the financial backbone...

Author: /time Magazine | Title: A Recurring Nightmare | 7/17/2006 | See Source »

...European officials blame Asian shipping companies, which skirt quota rules by transferring tuna directly from industrial ranches in the Mediterranean to Japan-bound ships, without ever touching land and without reporting the size of their catch. "We cannot monitor it," says a European Commission official in Brussels. Tuna-ranching companies have become sensitive to environmental criticism. Spain's largest company, Ricardo Fuentes and Sons, declined to speak to Time, as did Azzopardi Fisheries in Malta, which controls some of the Mediterranean's richest breeding grounds. A.J.D. Tuna Limited, which Azzopardi owns with Japanese partners, says on its website that since...

Author: /time Magazine | Title: The Mediterranean's Tuna Wars | 7/16/2006 | See Source »

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