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...make China a low-cost producer. The country has an inefficient supply chain, high component costs (many parts are slapped with import tariffs) and nonwage expenses like housing for factory workers. CSM's Zhang estimates that materials account for 80% to 85% of a vehicle's cost (vs. 65% in Detroit), eroding much of the labor savings. "It's not particularly cheap to produce a car in China," notes Steven Blackman, head of Ernst & Young's automotive practice in Europe...
...vegetation is the only means by which carbon dioxide is converted into life-giving oxygen, we need to start seriously thinking more about controlling deforestation. We should establish a massive international reforestation program to reverse global warming. Ian Vincent Nairobi Chinese Economic Might Your cover illustration for the " Italy vs. China" stories [Dec. 5], on the trade competition between the two countries, showed them arm wrestling with equal muscle, but Italy is really no match for the Chinese giant. China is getting stronger and stronger and will soon move on to conquer the next country or continent. China wins with...
...because of a string of financial problems. "We have no objection to competition as long as it is on a level playing field," says Kim Plaskett, director of corporate communications at Greyhound, which now offers a special online ticket rate of $18 on its New York City--Boston route, vs. the normal $35 fare...
...TIME's cover art is always original and meaningful, but the illustration for "Italy vs. China," depicting Michelangelo's David and a Chinese terra-cotta soldier arm wrestling, was extraordinary. My congratulations to the artist. Montano Riva Barbaran Longare, Italy...
...Book vs. the Movie As an avid Harry Potter fan, I take issue with Richard Corliss's view that the movie version of Harry Potter and the Goblet of Fire is better than the book [Dec. 5]. As beautiful as the movie is, it sorely lacks the true magic of the book. Corliss noted that the film is better because it "telescopes the book's first 100 pages into a thrilling 20 minutes." But without the detail of those 100 pages, the beginning of the movie is disjointed, sketchy and no doubt confusing to those who haven't read...