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...expensive cell phones, televisions and clothing and demand that companies whose stocks they invest in show double-digit profit growth. Procter & Gamble needs the supercharged gains of its Oil of Olay brand in China to remain compelling to investors. The Otis Elevator Co., a unit of United Technologies, makes great elevators, but it's China that's erecting thousands of skyscrapers. And the same Chinese who snap up copies of China Is Not Happy seek business deals with American companies, crave access to U.S. intellectual property and hunger for the brand-name goods produced by American multinationals. (See pictures...

Author: /time Magazine | Title: Can an Eagle Hug a Panda? | 11/30/2009 | See Source »

...Gimme Shelter," and the less said of U2's duet with the Black Eyed Peas, the better. What was lovable was Bono's willingness to make a go of it on a rousing "Because the Night" with Patti Smith and Springsteen. But in the end, it was less a great concert than a concert of greats...

Author: /time Magazine | Title: School of Rock | 11/30/2009 | See Source »

Both Chinese and Americans view their economic interdependence warily. Yet in many respects the relationship has been mutually beneficial and may have been the primary reason the financial crisis did not result in a worldwide Great Depression. China was able to spend aggressively because for 20 years U.S. businesses had been investing in the Chinese economy, building factories, adding liquidity to Chinese banks, opening stores ranging from Avon boutiques to Kentucky Fried Chicken outlets, making cars, selling power turbines and semiconductors - all of which were essential to the rapid urbanization and modernization of China and the emergence of a vibrant...

Author: /time Magazine | Title: Can an Eagle Hug a Panda? | 11/30/2009 | See Source »

...that of the U.S. did in the late 19th century. What remains to be seen is whether the rise of China will complement the U.S. or undermine it; whether the future will bring a new, cooperative and mutually beneficial economic order rather than a predictable replay of one great power giving way to the next. That future - burgeoning with possibilities and fraught with challenges - is ours to write...

Author: /time Magazine | Title: Can an Eagle Hug a Panda? | 11/30/2009 | See Source »

Looking to more seasoned actors, whose career would you most like to emulate? -Karsten W.N. Kurze, Bad Honef, Germany I think Leonardo DiCaprio's done a great job. I was dead set against the guy when I was growing up, kind of force-fed his image from Titanic. Since then, through very hard work and incredible performances, he's done a complete 180. Now he's one of my favorite actors. He's at the top of his game. (See pictures of Disney teen stars...

Author: /time Magazine | Title: 10 Questions for Zac Efron | 11/30/2009 | See Source »

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