Contents: Feb. 23, 2004

Features

COVER: THE CHINA GLUT A6 Are the country's white-hot factories producing too many goods? How will that affect the rest of the world?

THE GLOBAL ECONOMY A12 TIME's Board of Economists debates whether wild exchange rates and huge deficits could stall the recovery

Departments

BRIEFS A4 Nike in Thailand; woe for the COO; women get tough; more flights to Europe?

WORLD BEATERS A17 Chiquita's top banana; Cadbury's CFO; Janus' global maven; GM's man in Africa

INVESTING A18 The Fed seems set to raise interest rates. Here's how to play the hike

GLOBAL LIFE A20 Poland's unexpected pleasures

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