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...Keith McCubbin, director of the Queensland Fire Ant Control Centre, which is spending $136 million on a six-year campaign to rid Australia of what he calls "some of the evilest creatures God put on Earth." Last week, the ants were discovered in Hong Kong, probably arriving via southern mainland China, where infestation had gone previously unannounced...

Author: /time Magazine | Title: Evil Ant Invasion! | 1/31/2005 | See Source »

...with any problem affecting Hong Kong, the mainland and Taiwan?which in October discovered it too had fire ants?fingers were inevitably pointed. Hong Kong officials complained that Guangdong authorities had left them in the dark; mainland farmers blamed Taiwan for foisting the little terrors on them in the first place, likely stowed away in shipments of recyclable trash. For Hong Kong, news of a fire ant invasion on the eve of the high-traffic Lunar New Year holiday was received with dismay, especially since it meant canceling shipments of traditional holiday plants from the mainland. The city's Health...

Author: /time Magazine | Title: Evil Ant Invasion! | 1/31/2005 | See Source »

...trading room at Huaxia Securities, one of mainland China's three biggest brokerage houses, is a place where Beijing residents gather to monitor the stock ticker and hunch over computer keyboards while they buy and sell shares of 1,378 listed Chinese companies. Like casinos, Huaxia supplies VIP rooms to high-stakes customers. After the central government's disclosure last week that China's surging economy registered unexpectedly rapid GDP growth of 9.5% in the fourth quarter of 2004, the VIP rooms should have been buzzing. But they were empty, while the atmosphere in the main room was morose...

Author: /time Magazine | Title: China's Market Maladies | 1/30/2005 | See Source »

...Here is the great irony of modern China: in the 15 years since the deaths in Tiananmen Square, the mainland has undergone unprecedented economic growth that has lifted millions out of poverty. Yet, amid China's still-incomplete transition from command to market economy, many among the class of workers the country's nominally Marxist-Leninist leaders are supposed to protect?the Lumpenproletariat?are experiencing the very capitalist dystopia Marx envisioned. "There's more economic development than ever before, but workers' rights are overlooked," says Li Qiang, director of the New York City-based rights-monitoring group China Labor Watch...

Author: /time Magazine | Title: Trouble on the Line | 1/23/2005 | See Source »

...Ningxia's blithe entrepreneurial spirit isn't the exception in China?it's the rule. The news last week that one of the mainland's big three oil companies, China National Offshore Oil Corp. (CNOOC), is interested in purchasing California-based energy firm Unocal Corp. was just the latest evidence of a government campaign introduced at the 2002 Communist Party Congress to raise China's global economic profile by snapping up foreign assets. Beijing has even coined a catchphrase for its policy?"Going Out"?to encourage Chinese firms large and small, from Nanjing to Ningxia, to invest abroad...

Author: /time Magazine | Title: China's Going-Out Party | 1/17/2005 | See Source »

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