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...such spending before - she knows what it's like to be on the receiving end of a gigantic fiscal infusion. Szabados, a chemist by training, is the mayor of Halle, a mid-sized town in the middle of what used to be the German Democratic Republic (GDR), the formerly communist eastern part of Germany. Since the Berlin Wall fell, the old GDR has been showered with money. Overall, some $2 trillion has been pumped in - the equivalent of about 4% of Germany's economic output every year...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

When the tanks and troops blasted their way into Beijing's Tiananmen Square 20 years ago, crushing the student-led protest movement that had captivated the world, the biggest political casualty was Chinese Communist Party chief Zhao Ziyang, the man who had tried hardest to avoid the bloodshed...

Author: /time Magazine | Title: The Secret Memoir of a Fallen Chinese Leader | 5/14/2009 | See Source »

...journal, Zhao concludes that China must become a parliamentary democracy to meet the challenges of the modern world - a remarkable observation from someone who spent his entire career in service to the Communist Party, and one that might well provoke a debate on China's Internet discussion boards and in its chat rooms. Zhao's ultimate aim was a strong economy, but he had become convinced that this goal was inextricably linked to the development of democracy. China's ability to avoid another tragedy like Tiananmen might depend on how quickly that comes about...

Author: /time Magazine | Title: The Secret Memoir of a Fallen Chinese Leader | 5/14/2009 | See Source »

...lavish an estimated $60 billion on upgrades and new technologies, outstripping all the combined spending of countries in NATO, excluding the U.S. Apart from China, the top Asian spenders include Japan and South Korea, nations that over the past 40 years relied on American military support to deter the communist states to their west. Now, Japan is due to launch its largest ship since World War II, a "Hyuga" class helicopter carrier - Japan's pacifist constitution forbids the use of carriers with more offensive aircraft - that is designed chiefly for anti-submarine warfare. Seoul paraded a similar...

Author: /time Magazine | Title: China's Navy Grows, and the World Watches Warily | 5/13/2009 | See Source »

...Muslim region of Xinjiang, he acknowledges that that would be "suicidal." In the China of the next decade and further down the road, democracy won't be nearly as important as freedom of information, the artist concludes. "We need a scientific system more than a democratic one. The Communist Party can be in power for the next 100 years, but we have to question them, investigate them ... It doesn't matter as long as we can make them bear the responsibility," he says...

Author: /time Magazine | Title: A Year After Sichuan Quake, Citizens Press for Answers | 5/12/2009 | See Source »

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