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...calamity in the absence of robust government safety nets. "It's not that Chinese like to save for the sake of savings," says Tan Khee Giap, chair of the Singapore chapter of the Pacific Economic Cooperation Council. "It's that for thousands of years they had to save to protect themselves." In other words, making it easier for other Asian countries to access China's market isn't the same as convincing Chinese consumers to spend more. "The Chinese remind everyone it will take a long time," says Menon of Singapore's Ministry of Trade and Industry. According to Citigroup...

Author: /time Magazine | Title: APEC's Bonding Experience | 11/16/2009 | See Source »

Trade Trade between the U.S. and China has been a heated subject in recent months. After Obama imposed tariffs in September of up to 35% on Chinese-made tires to protect U.S. jobs due to a surge in Chinese imports, China retaliated in October with new levies on nylon imports. This month, the U.S. slapped duties of up to 99% on some Chinese-made steel pipes. China announced soon after that it was looking into imports of U.S.-made cars from manufacturers that received government support. The trend has economists worried about a trade war. But U.S. officials dismiss that...

Author: /time Magazine | Title: Five Things the U.S. and China Actually Agree On | 11/16/2009 | See Source »

...embassy briefing in Beijing, Anti-CNN founder Rao told officials - in what he would later describe as an attempt at humor - that he had seen how the CIA uses extra-legal powers, on the American television show Prison Break and in the Transformers films. How could the U.S. protect Web users?, he asked. "I would recommend that you not use Prison Break and Transformers as your only guide to American culture and government," a U.S. official responded...

Author: /time Magazine | Title: Could Obama Get Around China's 'Great Firewall'? | 11/16/2009 | See Source »

...Beijing-based Sinovac succeeded in developing the world's first approved swine flu shot. The company raced to conduct clinical trials and was the first to report that a single dose of vaccine, instead of the two doses that most flu experts believed would be necessary, was sufficient to protect against 2009 H1N1. In early September, China became the first country to begin swine flu inoculations...

Author: /time Magazine | Title: China Investigates Deaths After Swine Flu Shot | 11/15/2009 | See Source »

...part of the UCMJ's attempt to screen the process from undue influence. "The military is a hierarchical society," Silliman says, and so the rules of the UCMJ seek to protect the proceedings from any presumed or perceived command influence - including that of the President, who is at the very top of the chain of command. Once a suspect has been informed that he or she is under investigation, the 120-day clock starts ticking toward the trial. (The 120-day schedule may be extended any time the defense is granted a delay.) (See pictures of the Fort Hood memorial...

Author: /time Magazine | Title: How the Military Will Try Nidal Hasan | 11/13/2009 | See Source »

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