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Call it the Ka-Ching dynasty. After decades of relying on exports and investment, China's leadership is targeting domestic consumption as the most enduring driver of economic growth. Not only are there more Chinese with money to spend, the still fragile state of the global economy makes self-reliance an imperative. "As we stand at a new historical juncture, we must change the old way of inefficient growth and transform the current development model," Vice Premier Li Keqiang, the likely successor to Premier Wen Jiabao, declared at Davos in January...

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

...Without the breath of the tiger there will be no wind, only clouds, and certainly no rain." -The I Ching...

Author: /time Magazine | Title: Tale of the Cat | 3/1/2010 | See Source »

...visitors, and everywhere you turn, there's always some crackpot heiress, anxious taipan or socialite architect wanting to talk about dragon energy and phoenix fire. But I want to grab them all by the shoulders, shake them hard and tell them to get their noses out of the I Ching and to forget about those flying-star combinations. We've been fooling the occasional tourist, each other, and ourselves, for far too long...

Author: /time Magazine | Title: How Feng Shui Is Being Discredited in Hong Kong | 12/21/2009 | See Source »

...Political rulers everywhere rewrite and use history for their ends. But as China looms ever larger in the global consciousness, anything we can glean about its leadership is especially valuable. There's one moral in Founding, however, that Beijing probably did not intend. Chiang Ching-kuo, Chiang Kai-shek's son, is briefing his father about his fight to rid the KMT of corruption and injustice. Chiang praises his son's idealism - and gently advises him to desist so as not to undermine the KMT at a critical juncture in the civil war. "If you go ahead," says Chiang...

Author: /time Magazine | Title: Reshooting History in a New China Film | 10/8/2009 | See Source »

...Queensland in 1943, Yang grew up in Dimbulah, a tiny tobacco-farming town, with no connection to his Chinese heritage. His grandparents emigrated from China in the 1880s, and his family was completely assimilated - he and his siblings spoke only English. At 6, after a white schoolmate called him "Ching Chong Chinaman," Yang went home upset and asked his mother if he was Chinese. She gravely told him yes. "I knew in that instant," Yang writes on his website, "that being Chinese was a terrible curse...

Author: /time Magazine | Title: The Yang Principle | 9/14/2009 | See Source »

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