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...increase in cheaper foreign-sourced goods can lead to inferior quality and buying decisions being made in favor of price over quality," says Peter Wong, an executive director with HSBC in Hong Kong. Vietnam, too, could lose in this scenario, as many of its manufactured products compete directly against Chinese goods on the global marketplace on the basis of lower cost...

Author: /time Magazine | Title: Free Trade With China: ASEAN's Winners and Losers | 1/22/2010 | See Source »

...think Vietnam is at a historic point in the challenges it faces," says Pham Hong Son, a former doctor and businessman who spent four years in prison on charges of spying after he posted a online translation of a U.S. government document entitled "What is Democracy?" Son believes authorities' cozy relationship with China has little benefit to most Vietnamese, and that authorities are only interested in protecting their own interests at the expense of the country. He doesn't expect the recent verdicts to have the intended effect of muffling discontent. The sham trial, he says, only further illustrates...

Author: /time Magazine | Title: In Crackdown, Vietnam Activists Sentenced | 1/21/2010 | See Source »

Bidding went ballistic at a Sotheby's art sale in Hong Kong just over a year ago. A little-known Filipino artist named Ronald Ventura sold a striking, surrealist-inspired painting entitled Nesting Ground for $280,000, 20 times higher than its presale estimate. The emergence of a new trend in Asian art cannot be inferred from a single sale, but works from other contemporary Philippine artists such as Geraldine Javier, Winner Jumalon and Benedicto Cabrera are being sold with increasing frequency and success at auctions and galleries in Hong Kong, Singapore, London and New York City. Mok Kim Chuan...

Author: /time Magazine | Title: From Spanish to Surreal | 1/18/2010 | See Source »

...another way to look at the Burj Khalifa--which you can do on a clear day from 60 miles (100 km) away. The building supplanted an unlovely tower in Taipei as the world's tallest. Its closest competitors are also in Asia, in such cities as Shanghai, Kuala Lumpur, Hong Kong, Nanjing and Guangzhou. On the list of the 10 tallest buildings, only Chicago's venerable Willis (formerly Sears) tower represents the older, developed economies, though One World Trade Center in New York City will join it when it is eventually completed. Will all those Asian cities that love tall...

Author: /time Magazine | Title: The Moment | 1/18/2010 | See Source »

...moments summon the mood of those Cantonese-language classics, as when Chan gently sings a Chinese lullaby to the four-year-old. In another scene he tells Farren that, back in Hong Kong, he'd been an orphan raised in a foster home: "I had dozens of brothers and sisters," he says, "and I wasn't related to any of them. But I loved them all." Any Chan fan will know that this dialogue refers to the martial arts school where Jackie was sent at 7; where he studied with later costars Yuen Biao and Sammo Hung; and where...

Author: /time Magazine | Title: The Spy Next Door: Jackie Chan, Babysitter | 1/16/2010 | See Source »

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