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...dominating the gold-medal count. On Sept. 27 the country showed it can also be very happy with bronze. Forty-three years after cosmonaut Alexei Leonov spent 12 minutes outside an orbiting spacecraft, China became the third nation after the former Soviet Union and the U.S. to conduct a spacewalk...

Author: /time Magazine | Title: The Moment | 10/2/2008 | See Source »

...year-old fighter pilot may have carried the most freight. China's government in recent weeks has lost some of its Olympics afterglow to another product-quality scandal: four Chinese infants died and tens of thousands became ill after drinking milk products laced with an industrial chemical. The spacewalk - part of an ambitious manned space program that includes construction of a space lab and will likely feature a lunar landing - was a reminder of the country's growing national might. "There are problems, yes, but the message of this is that the [Communist] Party has the right control policy because...

Author: /time Magazine | Title: The Moment | 10/2/2008 | See Source »

...There's no question that the public was paying attention. In central Beijing, throngs of onlookers blocked traffic as they gathered to watch the spacewalk on giant outdoor TV screens. Decades from now, a generation of Chinese probably will not remember how many gold medals their country won. They may well recall when Zhai floated 213 miles above Earth...

Author: /time Magazine | Title: The Moment | 10/2/2008 | See Source »

...business leaders, bankers and academics. It has been a sobering experience. I can't remember a time when so many were so disturbed by what was happening in the U.S., or so worried about what the next few months might hold. Even in China, the post-Olympics, post-spacewalk euphoria has been tempered by the appreciation that the contraction of the U.S. market for its exports will put one of the key drivers of China's economic growth into neutral...

Author: /time Magazine | Title: American Leadership, a Casualty of the Meltdown | 10/1/2008 | See Source »

...long ago, when most of us weren?t looking, the space age reached middle age. It?s been 39 years since the first moon landing, 43 since the first spacewalk, 47 since the first human being orbited the Earth. And this week, NASA itself - which was once the last word in moderne - turns 50. That may seem creaky, but the fact is, the space agency has been around a lot longer still...

Author: /time Magazine | Title: NASA at 50 | 9/30/2008 | See Source »

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