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Due in part to a falloff in demand from the ailing U.S., China's export growth is slowing sharply. Manufacturing contracted in July for the first time since at least 2005, according to China's Purchasing Managers' Index, resulting in reduced hiring by the sector. Meanwhile, a 50% drop in...

Author: /time Magazine | Title: Not-So-Great Expectations | 8/14/2008 | See Source »

While those numbers may seem high to the developed world, to China they represent a sharp deceleration that is already being reflected in the labor market. In 2006, Guangdong province created 2 million new jobs. Last year, Zhang Xiang, a provincial-government spokesman, said that figure was likely to be...

Author: /time Magazine | Title: Not-So-Great Expectations | 8/14/2008 | See Source »

The poor quality of Chinese schools is not a state secret. Consider what happened last year at the Hefei Artillery Academy in Anhui province, a school started decades ago by the People's Liberation Army to train young military cadets in the art of war. Five years ago, the school...

Author: /time Magazine | Title: Not-So-Great Expectations | 8/14/2008 | See Source »

After having battled with FINA over this and other technologies, the TYR team decided to take a more holistic approach to the suit for 2008. While it spent plenty of time in the lab developing fabric and design structure, TYR focused most of its efforts on the swimmers and in...

Author: /time Magazine | Title: High-Tech Swimsuits: Winning Medals Too | 8/13/2008 | See Source »

Speedo has clearly won the Battle of Beijing. After Athens, Speedo brought an army of biophysicists, kinesiologists, and engineers to bear on overhauling the last generation of its Fastskin racing suit, the FS Pro. So the LZR Racer has a few more bells and whistles than the Tracer Rise. For...

Author: /time Magazine | Title: High-Tech Swimsuits: Winning Medals Too | 8/13/2008 | See Source »

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