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...engine of global consumption and growth. But, while China's per capita GDP now stands at about $3,200, up nearly fourfold since 1997, it's still a far cry from U.S. per capita GDP of about $46,000. Moreover, conservative Chinese financial habits are deeply ingrained and driven by the need for "precautionary savings" for medical care, old age or sudden calamity in the absence of robust government safety nets. "It's not that Chinese like to save for the sake of savings," says Tan Khee Giap, chair of the Singapore chapter of the Pacific Economic Cooperation Council...

Author: /time Magazine | Title: APEC's Bonding Experience | 11/16/2009 | See Source »

...final term. SBY, as he is commonly known in Indonesia, already made history in 2004 as the country's first directly elected President. In a nation where 14% of the country's 240 million citizens still live under the poverty line, SBY, who has a careful, consensus-driven leadership style, delivered one of the G-20's most impressive economic growth rates this year. His anticorruption drive, which landed even his own son's father-in-law in jail, drew plaudits in a country where graft often feels as omnipresent as urban smog. Little more than a decade after Indonesia...

Author: /time Magazine | Title: Indonesia's President Promises Huge Annual Growth | 11/16/2009 | See Source »

...campaign that is driven by results,” said Ru, adding that he backed Hayward on the basis of the candidate’s persistence and efficiency in achieving tangible changes for his classmates...

Author: By Julia L Ryan and Linda Zhang, CONTRIBUTING WRITERS | Title: Hayward-Zhang Tout Results | 11/16/2009 | See Source »

Hayward’s supporters said his commitment to result-driven leadership and improving student life on campus qualify him to lead...

Author: By Julia L Ryan and Linda Zhang, CONTRIBUTING WRITERS | Title: Hayward-Zhang Tout Results | 11/16/2009 | See Source »

...Critics also say that, contrary to the law stipulating that assisted suicide should not be a profit-driven business, Dignitas is actively luring foreigners for financial gain. Minelli denies that any of the 1,027 patients he helped die since the group's founding in 1998 were recruited for profit, and while he charges about $7,000 per assisted suicide, he says the money covers only administrative costs and that poorer patients are charged a lower fee or nothing...

Author: /time Magazine | Title: Swiss Government Tries to Stop 'Suicide Tourists' | 11/16/2009 | See Source »

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