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...There's no chance China's gambit will deter the U.S. from backing Taiwan's ability to defend itself. But the test does signal a ratcheting up of tensions between Beijing and Washington, and highlights the continuing paradox of a strategic rivalry between two of the globe's biggest trading partners. The U.S. imports about $1 billion a day in Chinese goods to fill the shelves of Walmarts from coast to coast, making it the second-largest U.S. trading partner after Canada. That's a far different relationship than the U.S. had with the Soviet Union, its last strategic challenger...

Author: /time Magazine | Title: China's Missile Test: A Symbolic Warning to U.S. | 1/13/2010 | See Source »

...does succeed, the promoter would not only manage to stage what will be by far the biggest event of its kind in China, he will also finally realize a 10-year-long personal dream that began with a random phone call from the Vatican. "I am the least likely person to get a call from the Vatican," says Garson, "but they wanted to do a project with me," involving printing some of Pope John Paul II's favorite poems and prayers...

Author: /time Magazine | Title: Can a Rock Concert (and a Vegas Producer) Remake China's Image? | 1/13/2010 | See Source »

...held within the Vatican, years of delays and cancellations led Garson to look further afield. At one point the concert was to be held at the U.N. office in Geneva, but that, too, was cancelled, leading him to search in the Middle East. Eventually, his work took him to China, where he believes he was destined to hold the concert all along. "Things happen for a reason," he says...

Author: /time Magazine | Title: Can a Rock Concert (and a Vegas Producer) Remake China's Image? | 1/13/2010 | See Source »

...Others are less convinced. "If it's still on 10 days before the concert is scheduled to go, then I'll believe it," says one Beijing-based analyst who asked to remain anonymous for fear of being labeled a cynic. See Hip-Hop in China: Busting Rhymes in Mandarin See The Top Songs...

Author: /time Magazine | Title: Can a Rock Concert (and a Vegas Producer) Remake China's Image? | 1/13/2010 | See Source »

...China invented fireworks some 1,000 years ago in hopes of scaring away evil spirits. On Monday, it successfully tested a missile-defense system aimed at scaring away the U.S. from defending the island nation of Taiwan. By shooting down one missile with another, China demonstrated its growing military prowess. But it also telegraphed its anger over last week's sale of U.S. Patriot interceptor missiles to Taiwan. Taipei would use the Patriots to blunt any attack by Beijing's 1,100 missiles poised just across the Taiwan Strait. China has threatened to use force should Taiwan, which...

Author: /time Magazine | Title: China's Missile Test: A Symbolic Warning to U.S. | 1/13/2010 | See Source »

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