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...Under a 2003 trade pact, Hong Kong - Chinese co-productions are recognized in the lucrative mainland market as Chinese films, not as imports subject to tight quotas. This partly explains the current trend for big-budget period pieces, which by being politically uncontroversial play very well in China. (Each one also bears the potential to cross over to international viewers in the way that Ang Lee's Crouching Tiger, Hidden Dragon did after it was released in 2000.) "I can say the China market is even more important than the Hong Kong domestic market," says John Chong, CEO of Media...

Author: /time Magazine | Title: The China Syndrome | 7/31/2008 | See Source »

...there is a big catch to having a production classified as Chinese, and that's censorship. Mainland regulations can stifle creativity and place tight restraints on Hong Kong cinema's anything-goes style. Ghost stories are ruled out or carefully tweaked, as are sociopolitical comment and almost anything racy. Finales with wrongdoers walking off scot-free are among other no-nos, too. For some, meeting Chinese standards is a matter of good business sense. "You just have to adapt when it comes to the market," says Wellington Fung, secretary general of the Film Development Council (FDC), a government body established...

Author: /time Magazine | Title: The China Syndrome | 7/31/2008 | See Source »

...construction site, were barely able to support the family as Macau's costs rose. The salary Lei can earn as a dealer, roughly $1,900 a month, will instantly double the family income. "My parents encouraged me to go to college but our financial situation is already so tight that I decided on my own to become a dealer," she explains. Stories like Lei's have become so commonplace that Macau's authorities worry that the casinos will create an uneducated underclass of Macanese who lack the education to elevate themselves into the higher ranks of the industry. "They will...

Author: /time Magazine | Title: Split Personality | 7/31/2008 | See Source »

...Johnson in 1964. It's also unwise to underestimate the hunger of the media for an exciting race. If Obama emerges as a big front runner, it's a good bet that the press will air more of McCain's attacks. And so far, polls have indicated a fairly tight race, usually tilting toward Obama by just a few points. Obama is still a relative newcomer in a wartime election, unknown to many Americans. He's still got his Rev. Wright problem. And during the primaries, even a sizable number of Democrats told pollsters they felt uncomfortable voting...

Author: /time Magazine | Title: Never Underestimate McCain, But ... | 7/22/2008 | See Source »

...voters, the trip is a chance to gauge how a 46-year-old Senator with relatively little Washington experience might fare on the world stage. That was the promise in making such a high-profile tour in the middle of a tight presidential contest, but there was some risk, too: the danger of a gaffe or, perhaps worse, that voters would see the foreign swing not as an bold audition but as a supreme act of presumption. To help guard against that, Obama spent the Iraq and Afghanistan portions of the trip flanked by Democratic Senator Jack Reed of Rhode...

Author: /time Magazine | Title: Obama: 'We Have a Daunting Task' | 7/22/2008 | See Source »

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