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...strengthen support for its opponents. Last summer, when the Hong Kong government tried to introduce a draconian antisubversion law, half a million people took to the streets. In an attempt to quell the dissent, Beijing allowed the law to be shelved. But many Hong Kongers responded by demanding the direct election of their Chief Executive?currently chosen by a narrow, pro-Beijing electoral college?by 2007, the earliest date allowed by the territory's constitution...

Author: /time Magazine | Title: Push and Shove | 3/8/2004 | See Source »

...China's President Hu Jintao and Premier Wen Jiabao have styled themselves as political moderates. Although greater intervention in Hong Kong politics would damage that reputation, they have room to play good cop, holding out the promise of gradual reforms if the territory drops demands for direct elections. If Chen is re-elected in Taiwan, however, Beijing might come down even harder on Hong Kong. "Because the Taiwan situation makes China's leaders nervous," says Joseph Cheng, a professor of political science at Hong Kong's City University, "there will be very little room for tolerance or magnanimity toward Hong...

Author: /time Magazine | Title: Push and Shove | 3/8/2004 | See Source »

...outside world's view, especially that of investors, has been jaundiced in recent years. Foreign direct investment is not expected to increase in Malaysia this year, officials say, a prospect that underlines concern among many analysts over whether the country can compete with tough players such as high-tech Singapore and low-cost China. Abdullah's reformist image got a vote of confidence last month, when the $167 billion California Public Employees Retirement System said it was putting Malaysia back on its list of investment destinations. It dropped Malaysia in 2002 citing, among other factors, inadequate transparency in the country...

Author: /time Magazine | Title: Malaysia's New Look | 3/8/2004 | See Source »

...much is the deal worth? Two-way trade in goods and services between the countries is worth about $28 billion a year, with a $9 billion trade surplus to the U.S. Mutual direct investment is worth $60 billion. Once the FTA comes into effect (and it could be as early as Jan. 1, 2005), all American farm products and more than 99% of U.S.-made goods will land in Australia duty free. The share of Australian exports with that status will be smaller, because U.S. farm protection is extensive and will remain so. American producers estimate that they could sell...

Author: /time Magazine | Title: An Almost Free Trade Agreement | 3/8/2004 | See Source »

Melton wishes to direct the differentiation of human embryonic stem cells to form insulin-producing cells, according to the press release...

Author: By Risheng Xu, CRIMSON STAFF WRITER | Title: Scientists Open 17 New Stem Cell Lines | 3/5/2004 | See Source »

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