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...plus imported Chinese laborers, some of whom were working illegally in P.N.G. At the same time, anger has boiled over because of an influx of thousands of Chinese who over the past couple of years have monopolized businesses that by law should be reserved for P.N.G. nationals. In May, anti-Chinese riots convulsed cities nationwide, and several people were killed amid the looting of Chinese-owned shops. "Our timber, our minerals, everything, goes to China," says Damien Ase, founder of the nonprofit Centre for Environmental Law and Community Rights in Port Moresby. "But we get so little in return...

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

...Algerian capital Algiers, where residents accused the foreigners of failing to respect Islam. Last year, nine Chinese oil workers living near the Darfur area of Sudan were kidnapped by an unknown group. Five were later killed. An international trade embargo because of the unfolding genocide in Darfur may have kept most other foreign investors out of Sudan, but China consumes more than 60% of 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...

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

...while the pomp and ceremony with which Obama hosted Singh on Nov. 24 may have prompted breathless gushing from the Indian media, it still can't shake a perception in India that it has lost ground to China in the new Administration's Asia policy. Many in New Delhi saw Obama's performance in China as acquiescent toward an emboldened Beijing. And they see India having a diminished role in the strategic calculations of Obama's White House, at least in comparison to the centrality it enjoyed during George W. Bush's eight years in office. (See pictures of Obama...

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

...stupid that Pacquiao plans to enter politics. It is reprehensible that he, a person who doesn't have any knowledge of public administration, could suddenly be pulled into a system that is so dirty and corrupt. Has he even bothered to think of what kind of ruin it may bring to his life and reputation? Think of it, Manny! You must give careful thought to what you have in mind or else what will follow will make you a perfect laughingstock. Herminio S. Arcales Jr. Manila...

Author: /time Magazine | Title: Inbox | 12/7/2009 | See Source »

...government may have been right all along. After months of sticking to their demands, oil companies now are agreeing to Iraq's $2-a-barrel offer. In mid-November, Italian oil executives from ENI flew to Baghdad to sign a deal on Zubair, a southern Iraq field with about 4.1 billion barrels of reserves. ENI plans to pump about 1.1 million barrels a day from Zubair in partnership with California-based Occidental Petroleum and South Korea's Kogas. ENI was quickly followed by ExxonMobil and Royal Dutch Shell, which agreed to produce about 2.3 million barrels a day in another...

Author: /time Magazine | Title: Pump It Up: The Development of Iraq's Oil Reserves | 12/7/2009 | See Source »

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