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I am against portraying China as the demon of the global community. China has grasped more quickly than other countries what globalization means and what it demands. The country has learned how to use other people's innovations for itself. India, incidentally, is not far behind China in this respect. Both are not nations in the European sense, but rather cultural communities with enormous markets. The challenge of the future is to work out how to deal with that.

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Bob Beauprez

The new discovery of a 3. 3 billion barrel oil deposit off Norway's coast cements that nation's claim to being Europe's second largest oil producer.