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...tape, however. The goal in melding Hong Kong and Shenzhen, the report said, is to create a megacity that, by 2020, would surpass London and Los Angeles as an international economic juggernaut. It's a quintessentially capitalist solution befitting a quintessentially capitalist city. Need to grow to keep pace with competitors? Find a merger partner. "I think a closer relationship with the mainland is inevitable and by now is accepted by both sides," says Shiu Sin-por, a member of the Hong Kong government's Central Policy Unit...

Author: /time Magazine | Title: Beijing's Brokers | 1/17/2008 | See Source »

...economic boom is driven by a self-sustaining flywheel of rapid productivity gains and increasing profits, which generates excess capital that is in turn invested in more manufacturing capacity. This is why the country's trade surplus with the rest of the world has been rising at an alarming pace, growing nearly 50% to a record $262 billion last year (although the trade gap narrowed in the final three months of 2007). Because many Chinese companies are awash with cash, traditional policies aimed at slowing investment growth, such as raising interest rates, seem to have lost much of their effectiveness...

Author: /time Magazine | Title: Finding the Right Balance | 1/17/2008 | See Source »

...hardest skills we'll ever be called on to acquire. But while we're more or less fluent in speech by the time we're 5, romance takes a lot longer. Most Western romance research involves Western cultures, where things may move at a very different pace from that of, say, the Far East or the Muslim world. While not all of the studies yield universal truths, they all suggest that people are wired to pick up their love skills in very specific stages...

Author: /time Magazine | Title: Young Love | 1/17/2008 | See Source »

While Harvard announced a sweeping financial aid initiative on Dec. 10, three weeks before applications for the Class of 2012 were due, the University said that application numbers were still ahead of last year’s pace even before the overhaul of financial aid was announced...

Author: By Arianna Markel, CRIMSON STAFF WRITER | Title: Harvard Reports Jump in Applicants | 1/16/2008 | See Source »

...Hong Kong that same weekend, thousands protested against Beijing's timetable for democratization in the territory, which last month ruled out the possibility of direct elections in 2012 in favor of a vague promise to consider them in 2017 and 2020. Pro-democracy activists, impatient with the pace of reform and skeptical of Beijing's guarantees, carried banners denouncing the Chinese Communist Party and demanding direct elections for both the chief executive and legislative council - now largely chosen by a small group of pro-Beijing business leaders - in four years. Under cloudy skies, a throng of demonstrators that rally organizers...

Author: /time Magazine | Title: Hong Kong Democracy Still Postponed | 1/15/2008 | See Source »

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