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...World and Honey Lake amusement park, which features a monorail, Ferris wheel and double-loop roller coaster. In 1984, tourism and retail sales accounted for one-third of the zone's $666 million revenues. Even the industry that has sprung up is unimpressive. Instead of attracting the high-tech companies that Peking hoped for, Shenzhen produces mostly clothes, plastics and assembly-line electronic wares. Observes a Hong Kong official: "What [Hong Kong businessmen] have created is more like a Disneyland than a seedbed for the technological development of China...

Author: /time Magazine | Title: A Country Changes Course: Sichuan, China | 6/21/2005 | See Source »

Peking officials are taking steps to control Shenzhen's development. High-tech companies are being wooed with tax breaks, and in an effort to slow down construction, taxes have been levied on those who own apartments but do not live in them. The government will find it more difficult to cool the tremendous energies that have been released by the boom. In a country where patience is a hallowed virtue and time a bountiful commodity, the people of Shenzhen are in an uncharacteristic rush. "The ringing of a doorbell makes me shudder," confessed a recent letter writer to a Shenzhen...

Author: /time Magazine | Title: A Country Changes Course: Sichuan, China | 6/21/2005 | See Source »

...cautious success at replacing at least part of a Soviet-style centralized economy with profit-oriented agriculture cooperatives and carefully administered oases of free enterprise. Along Budapest's glittering Vaci Street, the shelves of well-kept stores and boutiques are stuffed with Western videocassette recorders, luxury clothing and high-tech kitchen appliances. The nearby food markets display long racks of sausage and ham, mounds of fresh winter vegetables and ubiquitous garlands of crimson paprikas. Says a member of Hungary's new economic gentry, a small-time plastics manufacturer known as Jozsef: "Are we rich? By Western standards, no. But here...

Author: /time Magazine | Title: Other Heresies: Hungary | 6/21/2005 | See Source »

...bases and key installations before the heavily armored main force arrives. The Navy's SEALs (Sea, Air, Land forces) would be stealthily deployed to blow up bridges and ships. The Air Force's First Special Operations Wing (1st SOW) is set up to ferry combat troops in high-tech flying machines that can race undetected in the dead of night. But the most highly visible, politically popular mission of the Special Forces is counterterrorism. The Delta Force is trained to rescue hostages by land, the SEALs...

Author: /time Magazine | Title: A Warrior Elite For the Dirty Jobs | 6/21/2005 | See Source »

...Rector James Hohlfeld of St. Matthews, the British medieval church "will serve as a demonstration of the Anglican tradition." That heritage can sometimes be difficult to maintain. At present, the rector's assistant, Samuel Scheibler, told the Orange County Register, "we're surrounded in Southern California by a high-tech, ultramodern environment and high-tech, ultramodern Christianity...

Author: /time Magazine | Title: New Mission: Resettling an English church | 6/21/2005 | See Source »

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