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...Local officials expect Xi'an's gross domestic product to surge 13.5% in 2009, far faster than the central government's 8% target for the national economy. Even more importantly, the thriving economy in this city of 8 million lends hope that China might be able to complete its next great economic transformation. China has come to depend too much upon exports and investment for growth. What's needed is economic rebalancing, so that domestic consumption contributes more to expansion. This transition would help not only China - it would also help to stabilize the global economy by easing China...

Author: /time Magazine | Title: Can China's Backwaters Save the Global Economy? | 11/30/2009 | See Source »

...aren't quite enough other things to do on social networks. But if they start to feel unsafe, the whole house of cards will come crashing down. Michelle is already lost. "I told her never to go to FarmVille again," says her mom. "It's a scam." Or the next killer...

Author: /time Magazine | Title: Troubling Rise of Facebook's Top Game Company | 11/30/2009 | See Source »

...Boxer's Next Fight...

Author: /time Magazine | Title: Inbox | 11/30/2009 | See Source »

Attorney General Eric Holder announced that five alleged plotters of the Sept. 11 attacks, including confessed mastermind Khalid Sheikh Mohammed, will face trial next year in a New York City federal court. Holder and President Obama say they expect prosecutors to push for the death penalty. Critics slammed the decision, claiming that the defendants' presence in New York will create a media circus and put the city at risk of another attack. Experts also noted the legal issues a civilian trial will raise--including the use of evidence obtained through waterboarding, to which Mohammed was subjected 183 times...

Author: /time Magazine | Title: The World | 11/30/2009 | See Source »

World leaders signaled they would not seek a legally binding agreement on greenhouse-gas emissions at next month's climate talks in Copenhagen, confirming mounting doubts that the conference would yield a landmark pact. Instead, a coalition including U.S. President Barack Obama and Chinese President Hu Jintao announced at the Asia-Pacific Economic Cooperation summit that it will aim to build political consensus, paving the way for concrete steps. The biggest challenge will be aligning the interests of developing and industrialized nations: the U.S., among others, argues that because emerging powers like China and India are among the largest emitters...

Author: /time Magazine | Title: The World | 11/30/2009 | See Source »

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