The full content of this week's magazine, summarized article by article.
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To subscribe to the magazine, click here . The daring purchase of Hong Kong's biggest phone company by Internet start-up Pacific Century CyberWorks has already become the stuff of legend. But China's rumoured role in repelling a rival bid from Singapore has remained murky - until now. In the days after the victory of opposition candidate Chen Shui-bian in Taiwan's presidential election, the most dramatic effect was not imminent war with China, but internal warring within the governing Kuomintang itself as party loyalists vented their fury over their humiliating defeat. And, far from triggering hostilities across the Taiwan Strait, Chen's presidency may produce surprising breakthroughs by offering a fresh, flexible approach to relations with the mainland.