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Some countries, however, are no longer as willing to extend a red carpet toward the globetrotting Chinese. Although political strings might not come with Beijing's cash, there are economic catches. The roads, mines and other infrastructure on offer are most often built by armies of imported Chinese labor, cutting...

Author: /time Magazine | Title: The World of China Inc. | 12/7/2009 | See Source »

The Ramu site had lain dormant for four decades, as a series of Australian firms calculated that the low-grade nickel wasn't worth extracting in such a remote area rife with shifting clan allegiances. But Ramu NiCo, the subsidiary of China Metallurgical Group that has developed the mine, thought...

Author: /time Magazine | Title: The World of China Inc. | 12/7/2009 | See Source »

Discrepancies between national immigration policy and local reality are acknowledged even by P.N.G.'s Department of Labor and Industrial Relations. Assistant secretary Nadile bluntly tells me she suspects that most Chinese who entered the country have done so without the necessary visas and work permits. Today, in major cities across...

Author: /time Magazine | Title: The World of China Inc. | 12/7/2009 | See Source »

Not just the fortunes of one war-torn country are at stake. Researchers believe that Iraq's untapped oil reserves total at least 115 billion barrels - the third largest in the world. When fully developed, Iraq's oil industry could significantly boost global crude supplies and even bring down oil...

Author: /time Magazine | Title: Pump It Up: The Development of Iraq's Oil Reserves | 12/7/2009 | See Source »

This miniature women's movement is a small step toward equality in a society still steeped in conservative, patriarchal values. Japan's government for decades has been dominated by older men, most hailing from the right schools and the right families, who staked out politics as their exclusive domain. In...

Author: /time Magazine | Title: Power to Japan's 'Princesses' | 12/7/2009 | See Source »

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