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INTERNATIONAL EDITIONS: Highlights and Exclusives, May 9, 2005 Issue.

Publication: PR Newswire
Publication Date: 01-MAY-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
COVER: China's Might (Atlantic and Latin America editions). In this special report, Newsweek International Editor Fareed Zakaria examines China's rise to a global superpower and what that means for the rest of the world. China's quick rise may one day challenge U.S. pre-eminence. It is already the world's fastest-growing large economy, and the second largest holder of foreign exchange reserves, mainly dollars. It has the world's largest army (2.5 million men) and the fourth largest defense budget, which is rising by more than 10 percent annually. China's rise represents the third great shift in global power-the rise of Asia. This issue is the first of a series of periodic reports on China that will continue through the 2008 Olympics.



http://www.msnbc.msn.com/id/7694062/site/newsweek/ (Photo: http://www.newscom.com/cgi-bin/prnh/20050501/NYSU006 )

A Jack Welch Of Communists. Chinese appliance maker Haier Group is one of the world's top five producers of household appliances and may become China's first big household name, reports Special Correspondent Sarah Schafer. Its CEO, a Jack...

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