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Zhang Haoming looks like a million dollars. Or, more precisely, half a million, the amount he spent on a recent Saturday afternoon as he strolled around Beijing's funky 798 district, a series of crumbling redbrick factories that house the Chinese capital's largest concentration of art galleries. Appearing at...

Author: /time Magazine | Title: The Great China Sale | 12/17/2006 | See Source »

China has the most difficult task of all the participants in the six-party talks on North Korea's nuclear program that begin Monday in Beijing. As the chief patron of the North Korean regime - China supplies up to half the country's food requirement and even more of its...

Author: /time Magazine | Title: China Feels the Heat | 12/16/2006 | See Source »

In the weeks following the test, it became clear that Beijing was as surprised as anyone else by the North's action - and also very angry at its ostensible client state. An official Foreign Ministry statement condemned the test, calling it a "brazen violation," one of the strongest terms in...

Author: /time Magazine | Title: China Feels the Heat | 12/16/2006 | See Source »

With the talks about to begin again and Pyongyang at least nominally willing to discuss how its nuclear program can be limited, Beijing now has to "think very hard about how they can be more effective," Lieberthal says. But in reality, Beijing's options are very limited. Pyongyang made it...

Author: /time Magazine | Title: China Feels the Heat | 12/16/2006 | See Source »

Nor is forcing North Korea into line by cutting back on food and energy supplies a real option - the country's economy is precariously weak, and China fears that even a small nudge, such as cutting off oil deliveries for several days as it did three years ago, could precipitate...

Author: /time Magazine | Title: China Feels the Heat | 12/16/2006 | See Source »

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