A S I A
LINE OF FIRE: Failing the Grade
Sin-ming Shaw says American institutions should tell their Chinese counterparts what academic freedom is all about

T I M E  F I N A N C E
ASIAN BANKS: Help Wanted?
Foreign managers are running into resistance trying to restructure several ailing institutions

T H E  A R T S
CINEMA: East Meets East
The set of Ang Lee's new martial-arts film brings a raft of Chinese stars "home" to Beijing, a city foreign to all of them

E N D   P A G E S
SPOTLIGHT

MILESTONES

LETTER FROM THE EDITOR