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But the good life at home doesn't make Europe strong abroad. The E.U. may have all the soft-power credentials in the world, but on the grand stage it has lacked the weight and influence of others. At times, it simply seems unable to say what it thinks. Washington...

Author: /time Magazine | Title: The Incredible Shrinking Europe | 3/8/2010 | See Source »

That argument begins to break down when you have aspirations to help fix the world. Over the past decade or so, many Europeans have liked to think of the E.U. as a counterweight to Washington and now Beijing: a big, rich, but more benign global power. Ask Catherine Ashton to...

Author: /time Magazine | Title: The Incredible Shrinking Europe | 3/8/2010 | See Source »

Every Olympics has its underdog stories. At the 2008 Beijing Games, one of the most memorable was not on the track but in the boardroom of a Chinese sportswear company named after its founder, Li Ning - a triple gymnastics gold medalist at the 1984 Los Angeles Olympics. While the then...

Author: /time Magazine | Title: Follow the Leaders | 3/8/2010 | See Source »

-with reporting by Chengcheng Jiang / Tianjin and Jessie Jiang / Beijing

Author: /time Magazine | Title: Follow the Leaders | 3/8/2010 | See Source »

But American faith in the transformative power of China's economic rise might be misplaced. Capitalism with Chinese characteristics places far more power and wealth in the hands of the state sector than what has ever occurred in countries such as Japan and South Korea. Beijing is nurturing state-owned...

Author: /time Magazine | Title: Perception Gap | 3/8/2010 | See Source »

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