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...Three decades later, the world witnesses the extraordinary results. China is now the world's third largest economy, after the U.S. and Japan, and recently surpassed Germany as the largest exporting nation. Its GNP is on course to overtake Japan's by 2010 and perhaps that of the U.S. by 2020. (Read "Why the China-U.S. Trade Dispute Is Heating...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...Three decades later, Chinese society has fully blossomed. Chinese today experience a wide variety of personal freedoms in daily life that they and their ancestors had never known. Chinese state and society have also reconnected with the past, emphasizing Confucian and Buddhist values. More than 200 million people have been lifted out of poverty and the members of a growing middle class with disposable income travel abroad, invest in the stock market, dine out and decorate their stylish apartments with furniture purchased from stores like Ikea. Access to education has become far more widespread. Some 21 million students attend university...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...decades later, China has fully embraced globalization at home and has burst onto the world's stage in a largely positive fashion. It now has both interests and a presence in parts of the world completely new to China - such as Latin America and the Middle East - and enjoys rising international prestige. Beijing has generally managed its relations well with the major world powers: the U.S., Russia and the E.U. It has transformed its regional diplomacy in Asia, reasserted a role in Africa and become much more deeply engaged with international organizations and across a range of global-governance issues...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...festival has another mission, beyond showing left-leaning films to left-leaning audiences. It wants the world to know that Hollywood's Oscar season does not begin at the much larger Toronto Film Festival, held a week later than Venice. It starts right here. Clooney's Goats, a kooky satire about U.S. soldiers in Iraq who've been trained as "psychic spies," is unlikely to get much attention at the Academy Awards; nor is Cage's work in Werner Herzog's Bad Lieutenant: Port of Call New Orleans, though the star's intensity as a ? cop deranged by painkillers...

Author: /time Magazine | Title: Venice Film Festival: Films with a Mission | 9/28/2009 | See Source »

...meet the press. Thomas Jefferson had little use for the ink-stained wretches, believing newspapers offered "the caricatures of disaffected minds." During Theodore Roosevelt's presidency, reporters were forced to remain outside the White House gates, until Teddy took pity on them during a rainstorm (the voluble T.R. would later enjoy bantering with scribes while getting a shave). Many Presidents required the press to submit questions in writing and barred them from printing direct quotations; access was so limited the New York Times's Arthur Krock won a Pulitzer for scoring a sit-down with FDR. Advances in technology have...

Author: /time Magazine | Title: Brief History: Presidents and the Press | 9/28/2009 | See Source »

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