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Dates: during 2000-2009
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...Island Apart Nestled in one of the most backward parts of one of the world's least developed nations, the Ramu mine has emerged as an acute example of resentment against China Inc. In 2004 P.N.G. Prime Minister Michael Somare returned home from Beijing, triumphant at having snared the country's largest foreign-investment project to date. The euphoria was short-lived. Landowners brandished slingshots and announced they wouldn't sign off on their tribal territory being used for mineral extraction, no matter what document was signed in China's Great Hall of the People. Environmentalists cried foul over plans...

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

...Basamuk Bay not poisoning the fish-rich waters are based on "fatally flawed" data. (Other Chinese companies have been accused of importing vast amounts of illegal timber from P.N.G.'s dwindling forests, even as Beijing tries to protect its own natural bounty by cracking down on illicit logging at home.) "With other countries, we try to make foreign companies accountable by lobbying shareholders or raising public awareness in that country," says Matilda Koma, who runs an ecological watchdog called the Centre for Environmental and Research Development in Port Moresby. "But with China, the state and the company are the same...

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

...Sudanese oil. For a government keen on keeping economics and politics separate, Beijing is finding that the two have a nasty habit of intertwining. China is also learning that it can't keep a lid on political scandals overseas as easily as it can clamp down on information back home. In P.N.G., for instance, the local press has widely covered a government investigation into claims that corrupt local officials allowed Chinese immigrants to buy passports. In May Prime Minister Somare went so far as to implicate the immigration department, commenting, "We know some are saying, 'You give...

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

...Still, for all the controversy surrounding the influx of Chinese money in Africa, Latin America and Asia, the truth is that the vast majority of Chinese working abroad aren't going to go home rich. Driving up to the Ramu mine site, I stopped the car at an incongruous sight: against a backdrop of rain forest, a lone Chinese man perched on a piece of cardboard overseeing a crew of local workers struggling in the sun to sheath a pipeline with insulation tape. There was a feudal tinge to the scene, but the life of Chen Ming, the Sichuan-born...

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

...Despite Bush's blunders in Iraq and elsewhere, many Indians welcomed his embrace, which strengthened ties to an unprecedented degree after decades of Cold War estrangement. Prime Minister Singh faced opposition at home from politicians skeptical of closer relations with the U.S. - his government was almost deposed by parties of the left protesting a nuclear-technology deal he concluded with the Bush Administration. But Singh staked his political reputation on the growing relationship. "Under Bush, India was being encouraged to be an Asian power," says Brahma Chellaney, professor of strategic studies at the Centre for Policy Research, a New Delhi...

Author: /time Magazine | Title: Ties That Bind | 12/7/2009 | See Source »

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