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...move that may be even more important to the long-term interests of the mainland, the China Development Bank agreed to loan Brazil's oil giant Petrobras (PBR) $10 billion for exploration projects. The South American oil company also apparently agreed to sell China-controlled oil company Sinopec (SNP) crude supplies for the balance of the year. It does not take detective work to come to the conclusion that the two arrangements were related. In late 2007, Petrobras said it had discovered new fields far off its coast that contain as much as 8 billion barrels...

Author: /time Magazine | Title: China Takes On the Global Car Business | 4/20/2009 | See Source »

...party members have to run here, a capitalist city, to publish their thoughts?" Meng Lang, the new book's Hong Kong publisher, asked with a smile. "I have lots of freedom here in Hong Kong. If it can be kept, it can be developed and exported to the mainland." (Read TIME's cover story about life in 1989 China after the crackdown...

Author: /time Magazine | Title: Hong Kong Dissidents Get Organized As Tiananmen Anniversary Draws Near | 4/17/2009 | See Source »

...efforts in pursuing greater political openness and a more practical policy toward Tibet, they aim to turn his story into a permanent reminder for the Chinese people that future political reforms will require persistence and vigilance. Though gone for 20 years, Hu maintains a complicated reputation on the mainland. "Hu is still in a kind of limbo or political purgatory," Jean-Pierre Cabestan, a China scholar at the University of Hong Kong, said this week in an interview published in Hong Kong's South China Morning Post. "He is not totally taboo and people can speak about...

Author: /time Magazine | Title: Hong Kong Dissidents Get Organized As Tiananmen Anniversary Draws Near | 4/17/2009 | See Source »

...That China has already banned the book should come as a surprise to no one. Despite being written by party insiders, some of the essays are critical of Beijing's current policies and of the late Chinese leader, Deng Xiaoping, still greatly admired on the mainland for ushering in the economic reforms that led to China's rapid growth over the past 30 years. One essay plays down Deng's role as a reformer and insists that Deng - who forced Hu Yaobang from power in 1987 for his sympathetic handling of democracy advocates' protests in December of 1986 - was nothing...

Author: /time Magazine | Title: Hong Kong Dissidents Get Organized As Tiananmen Anniversary Draws Near | 4/17/2009 | See Source »

...wears a backpack and has a pony tail, left the interview and ran to the next meeting. Like others in the Hu Yaobang generation, he is determined to charge on until the day when he is allowed to commemorate Hu in a land where things actually took place - the mainland...

Author: /time Magazine | Title: Hong Kong Dissidents Get Organized As Tiananmen Anniversary Draws Near | 4/17/2009 | See Source »

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