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...trade routes, its dockside warehouses stuffed with silks and the other valuable wares of Asia. Hong Kong prospered as China's entrep?t, and its traders had tight links to the Chinese market; Li & Fung, for example, was founded as a trading company in Guangzhou in 1906. But when the Communist Party took power in China in 1949, exports from China slowed to a trickle. Hong Kong then became a formidable manufacturing hub in its own right?until the colony's growing wealth (its per-capita income is second only to Japan's in Asia) began to impede growth...

Author: /time Magazine | Title: At the Center of the World | 1/18/2007 | See Source »

DIED. Bo Yibo, 98, last surviving member of China's politically influential Eight Immortals; in Beijing. The group of veteran Communist Party leaders, purged during the Cultural Revolution, was elevated to top positions in the '80s and '90s under Deng Xiaoping. Although a conservative who supported the crackdown on Tiananmen Square protesters, Bo steadfastly embraced Deng's financial reforms--which shifted China toward a market economy--and helped successfully fend off Marxist hard-liners determined to regain economic control...

Author: /time Magazine | Title: Milestones Jan. 29, 2007 | 1/18/2007 | See Source »

...question on everyone?s lips is: Who is Ostravak? A literary-world pro having a laugh? A genuine post-communist failure? Nobody has an answer, because Ostravak has been meticulous in keeping his identity secret. "People have a chance to rev up their imagination at a full speed," Ostravak explained in an e-mail. "Wandering through my neighborhood they look around whether it's that drunk bum leaning on the corner, or that young girl pushing a baby carriage...

Author: /time Magazine | Title: A Czech Mystery: Who's That Blogger? | 1/16/2007 | See Source »

...Dilo, a beer bar where Ostravak's pals ran up his cellphone credit while he was in the men's room, I guzzled lager with a man who, by his own account is a communist-era spy turned post-communist shady dealer and private eye. "You're looking for Ostravak? I know him," he nodded knowingly before he shook his head. "You reporters have no clue...

Author: /time Magazine | Title: A Czech Mystery: Who's That Blogger? | 1/16/2007 | See Source »

RESIGNED. Stanislaw Wielgus, 67, recently appointed Archbishop of Warsaw; in the wake of disclosures that he collaborated with the Sluzba Bezpieczenstwa, Poland's communist-era secret police; at a ceremony intended to mark his elevation; in Warsaw. Other clergy in the Polish church, a key backer of the pro-democracy Solidarity movement, have been linked to the S.B., but Wielgus' connection is especially painful in Warsaw, where in 1984 the S.B. infamously murdered Jerzy Popieluszko, a highly popular, anticommunist priest. With the publication of documents suggesting Wielgus had informed on clerics for years, the prelate, who maintained he never spied...

Author: /time Magazine | Title: Milestones Jan. 22, 2007 | 1/11/2007 | See Source »

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