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...American faith in the transformative power of China's economic rise might be misplaced. Capitalism with Chinese characteristics places far more power and wealth in the hands of the state sector than what has ever occurred in countries such as Japan and South Korea. Beijing is nurturing state-owned champions to dominate domestic markets and crowd out the private sector in order for the Chinese Communist Party (CCP) to keep its economic relevance, privileged status in Chinese society and hands on the country's wealth. This means the CCP does not believe sweeping economic, much less political, liberalization is required...

Author: /time Magazine | Title: Perception Gap | 3/8/2010 | See Source »

...would want to deny what China's leaders since Mao Zedong have termed China's return to "dignity," a reference to the country's re-emergence as a great power in Asia. But even though other Asian states welcome economic opportunities offered by China's rise, the vast majority prefer the preservation of Pax Americana. The American-backed order has hitherto offered protection for smaller players by binding more powerful states (including the U.S. itself) to agreed rules of behavior and processes of dispute resolution...

Author: /time Magazine | Title: Perception Gap | 3/8/2010 | See Source »

...York City publisher for a sum rumored to be in the mid - six figures. Bennett Cerf, founder of Random House, once remarked that the most surefire best seller imaginable would be a book called Lincoln's Doctor's Dog. He was close. (See TIME's photo-essay "The Rise of Zombies...

Author: /time Magazine | Title: Critique of Abraham Lincoln: Vampire Hunter | 3/8/2010 | See Source »

...Against Violence. The mass-dining campaign started as a 100-person Facebook event but soon grew into a show of solidarity with Australia's 450,000-member Indian community. Violence against Indians, including the suspected race-related murder of a graduate student on Jan. 2, has been on the rise in the past year...

Author: /time Magazine | Title: The World | 3/8/2010 | See Source »

...There is more than historical curiosity behind these new efforts. For centuries after his expeditions, Zheng - a Muslim eunuch - slipped out of public awareness, obscured by the rise and fall of new dynasties. Talk of his exploits was revived briefly at the beginning of the 20th century as the fledgling Chinese republic sought to build a navy in the shadow of imperial Japan. But experts say his place as a patriotic national hero has been truly cemented only in the past two decades, parallel with China's geopolitical rise - and the growth of its significant economic presence in many African...

Author: /time Magazine | Title: Searching for Zheng: China's Ming-Era Voyager | 3/8/2010 | See Source »

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