Cars, Bears and Satellites

There are a few stories on time.com today that may be of interest to China Blog readers: Bruce Crumley writes from Paris about China’s growing role in the satellite launch business; Michael Schuman has a piece from Hong Kong about why the expectations of a quick economic recovery in China are mostly hype; and I’ve got a story on why Beijing’s efforts to aid the domestic auto manufacturing industry are leaving Washington’s Detroit rescue plan in the dust.