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Want to know precisely when and where the People's Republic of China will begin to collapse? Gordon G. Chang's boldly titled The Coming Collapse of China (Random House; 320 pages) presumes to tell you. A counterrevolution, probably violent, will come five years after China's entry into the World Trade Organization. If, as expected, China joins the WTO later this year, the apocalypse will therefore be upon us in 2006. And it will begin in the most prosaic setting: the lobbies of Chinese banks?as millions try to withdraw their savings and deposit them in Western banks...

Author: /time Magazine | Title: Queued Up for Collapse | 9/3/2001 | See Source »

...after learning they were wanted by police on the mainland, they turned themselves over to local authorities. An extradition battle is now brewing: China wants the Tus back, and the Taiwanese police want to try them on the island. The Taiwanese in Nanhai aren't holding their breath. Says Chang Chin-shun, the secretary-general of the area's Taiwanese businessmen's association: "Taiwan wants the evidence, but in this case there's nothing we can do to help...

Author: /time Magazine | Title: Very Risky Business | 8/13/2001 | See Source »

...bian summoned 34 of Taiwan's brightest minds to the presidential palace, put them in a conference room, and told them not to come out until they had a plan for fixing the shuddering economy. The best and brightest dutifully took their places around the mahogany table and Premier Chang Chun-hsiung opened the floor to ideas. One came from banker-tycoon Jeffrey Koo, who said the meeting was a big waste of time because there were too many politicians present. Morris Chang, celebrity chairman of Taiwan Semiconductor Manufacturing Corp., said he didn't think 34 people could agree...

Author: /time Magazine | Title: Sinking Feeling | 7/23/2001 | See Source »

...investors get a share of the profits if the movie is a hit (if it flops, they lose). Besides the funding, production companies get a squad of investor-marketers who care as much about box office numbers as they do about whether the guy gets the girl. Choi Chang Yeop, a 31-year-old freelance business lecturer, invested $750 in the film Jakarta and is among the new movie minimoguls. He spends hours on the Web posting glowing reviews of his film, a black comedy about bank robbers. He urges fellow Netizens to see the flick and has joined...

Author: /time Magazine | Title: Roll the Credits | 7/4/2001 | See Source »

...That's what Oh Chang Shik has discovered. He lost his right to reside in China when he moved from there to the more prosperous North Korea in the '60s. After two of his eight children died of hunger, he returned to Yanji in 1998. Last week, as part of the crackdown, Oh was taken away by police but managed to escape when their car had a flat tire. He is now in hiding again. In the border towns, too, North Koreans are living on the edge. Park Hye Sook crossed the frozen Tumen in January. At first life...

Author: /time Magazine | Title: Nowhere to Run, Nowhere to Hide | 6/25/2001 | See Source »

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