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...growth rate in the third quarter, and the most recent Purchasing Manager's Index (PMI), a widely watched gauge of economic sentiment released on Oct. 30, rose for the eighth straight month. It now shows "sustained expansion in industrial activity," says Jing Ulrich, managing director at JPMorgan in Hong Kong. At the same time, the U.S.-China economic relationship is not as lopsided as it was a year ago, at least by some measures. The U.S. savings rate has increased to about 4% of GDP (from zero at the recession's onset), and China's current account surplus has fallen...

Author: /time Magazine | Title: Could China's Economic Policies Trigger Another Crisis? | 11/3/2009 | See Source »

...thugs and placed under police protection, Adelstein never loses his gift for crisp storytelling and an unexpectedly earnest eagerness to try to rescue the damned. "You're stupid, obtuse, stubborn and reckless," a hood he calls Cyclops tells him at a clandestine meeting in a transit lounge at Hong Kong's airport, "but at the end of the day, I guess that's what makes a good journo...

Author: /time Magazine | Title: Mr. Vice Guy | 11/2/2009 | See Source »

Young Rubina Ali's social diary has been more than full these past few months: a trip to Paris; a tea party in Westminster, London; a dance show in Hong Kong; product endorsements; and numerous trips in and out of India for award shows and to promote the Slumdog Millionaire child actor's autobiography, Slumgirl Dreaming. However, the school she attends in Mumbai along with her co-star Azharuddin Mohammed Ismail is not happy with her attendance or attitude. School officials say the girl now disregards the teachers she once always greeted politely in the morning - that is, when...

Author: /time Magazine | Title: Has Fame Spoiled the Slumdog Millionaire Kids? | 11/2/2009 | See Source »

Before globalization, there was trade. Some ports, like Hong Kong or New York, began by handling tea or opium, then progressed to manufacturing and finance. Others, like Alexandria or Pulau Run (one of the Indonesian Spice Islands that, in 1667, the Dutch swapped with the English for Manhattan) failed to move with the times...

Author: /time Magazine | Title: Touring Zanzibar's Dark Past | 10/29/2009 | See Source »

...Hong Kong is not the first city to have green ships. Captain Cook Cruises in Sydney's harbor has been running a hybrid Solar Sailor ship since 2000. In Berlin, the mayor christened a solar ferry in July, and Shanghai will have its own Solar Sailor ferry by the start of the 2010 World Expo. Founded in 1999, the company's innovative designs won the Australian Design Award of the Year, and Solar Sailor became the first Australian company recognized by the prestigious Tech Museum Awards. The inspiration for the solar sails, says Robert Dane, CEO of Solar Sailor...

Author: /time Magazine | Title: Cleaning Up Polluted Harbors with Greener Ships | 10/28/2009 | See Source »

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