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...greatest gift Hu Jintao could give to Bush would be political reform in China. That would enable America's leader to embrace Hu as a moral equal and prevent human-rights abuses in China from roiling the relationship. A bit of political goodwill would also work wonders during the rough spots that inevitably crop up between the U.S. and China?such as America's bombing of China's embassy in Belgrade in 1999 and the deadly collision of American and Chinese military airplanes in 2001. But such reforms seem unlikely, at least in the short term. Hu has shown...

Author: /time Magazine | Title: An Agenda for Asia | 11/4/2004 | See Source »

...Chinese officials argue that the mainland needs to fix major domestic financial problems, such as a banking sector riddled with bad loans, before tackling currency reform. In any event, President Bush will be able to push China only so hard. America is becoming more and more dependent on Asia for its own growth. U.S. companies, from General Motors to Motorola to McDonald's, are banking on China as a substantial source of future profits. Cheap imports of toys and electronics from China fill stores in the U.S. and help keep American consumers spending and supporting their own economy...

Author: /time Magazine | Title: An Agenda for Asia | 11/4/2004 | See Source »

...TIME: Why is constitutional reform so necessary? Chen: I think everyone understands that for the long-term security and stability of this nation it is imperative that we engage in this constitutional-reform project. But I must make it very clear that this constitutional project does not involve national sovereignty, national territory or the question of independence vs. unification. This is a domestic issue for Taiwan. It is an issue of consolidating and deepening Taiwan's democracy...

Author: /time Magazine | Title: Strait Talk | 11/4/2004 | See Source »

...campaign finance reform a lost cause? Far from it. But we need to get past the myth that, in politics, money is the enemy. The real problem isn’t the money, it’s that candidates have to prostitute themselves to get it. In America, a politician’s chief duty is to represent her constituents—whether a congressional district, a state or the whole nation. But if a politician has to worry about funding her next campaign, her duty often takes a back seat. She has powerful incentives to overvalue the interests...

Author: By Sasha Post, | Title: Putting the Money Back into Politics | 11/3/2004 | See Source »

...presidential elections, are common; candidates who agree to spending caps receive matching public funds for all small and mid-size contributions. But this system has failed to curb the influence of special interest money in the campaigns. Full public financing remains the gold standard for campaign finance reform...

Author: By Sasha Post, | Title: Putting the Money Back into Politics | 11/3/2004 | See Source »

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