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...division, and Christie's showcases the art alongside such modern masters as Andy Warhol and Willem de Kooning. At a Christie's auction in October in New York City, pieces by Chinese painters Li Songsong, Yan Lei and Zhang Xiaogang set record prices. Another Christie's auction in Hong Kong in November broke records again: a 1993 painting by Zhang went for $2.3 million, the most ever paid for a work by a living Chinese artist at international auction...

Author: /time Magazine | Title: The Great China Sale | 12/17/2006 | See Source »

...says Warsh, publisher of the magazine Museums and an enthusiastic advocate of contemporary Chinese art. "It will soon prove to be a bargain." Indeed, that prediction may already have come true, given the $2.3 million price tag for the Zhang painting sold at last month's auction in Hong Kong...

Author: /time Magazine | Title: The Great China Sale | 12/17/2006 | See Source »

...moment when YouTube made it into the consciousness of a whole collection of fogies who had hitherto been blithely unaware of its existence, this writer included.) I loved every minute of it; I watched the World Cup on three continents, in bars in Hong Kong, pubs in London, and?it's a tough job, this?sitting on the grass in Aspen, Colorado, on a gorgeous June day with the Maroon Bells etched against blue sky. And I saw enough to be convinced, again, that everything you have read?not least in these pages?about the World Cup as an expression...

Author: /time Magazine | Title: A Superpower Made Ordinary | 12/16/2006 | See Source »

...have. There's North Korea, exploding a nuclear device after being told the U.S. would tolerate no such thing, in what has to rank as one of the most extraordinary pieces of nose thumbing the modern world has seen. In global capital markets, London?on some measures, even Hong Kong?now rivals New York as a business mecca. And perhaps above all, there is the steady shift of economic power from the Atlantic world, dominated by the U.S., to Asia, where it must share the stage with China, India, and Japan...

Author: /time Magazine | Title: A Superpower Made Ordinary | 12/16/2006 | See Source »

...accept supervision and guidance" or else be subject to punishment. According to a lawyer involved in the drafting of that document, "the original was intended to increase protection for lawyers, but then higher authorities intervened and made it do just the opposite." The authorities' strategy, says Nicholas Becquelin, Hong Kong representative of New York-based Human Rights Watch, is a "tightening of administrative controls over lawyers on the one hand and a crackdown on the most outspoken elements on the other hand...

Author: /time Magazine | Title: China's Quest for Justice | 12/11/2006 | See Source »

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