Word: fu
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...Kung Fu Hustle,” an award-winning action-comedy import from Hong Kong, helped me get over that fear by teaching me a simple lesson. You’ve got to approach these movies the same way you approach a mission to rifle through some chick’s lingerie: by conjuring up your inner 9-year...
...negotiations, Chinese buyers settled for a 71.5% price increase (BHP Billiton, fresh from securing a 25-year supply contract, had sought to double its price via a rise in the freight rate it charges mills). Chinese officials say supply bottlenecks are to blame for the price hikes. Ambassador Fu has raised the issue with Australian officials. "There is strong investment in the minerals field, but not enough to meet demand," she says. "The price is rising faster than the (Chinese) side can cope with." But Australia's government won't be intervening. "China aspires to be recognized as a market...
...them than before, while Canberra's friendship with Washington gives it "gravitas" in the region. "As China's economic power has grown," Downer says, "it has looked around to see who matters around here, and Australia has been one of the countries it has particularly focused on." Ambassador Fu not only agrees with Downer that the relationship between their two countries is better than ever, she uses the same phrases to explain why. "We do not see each other as a threat," she says. "There are no strategic obstacles in our relations. We are able to understand each other...
...well, "our economies are quite complementary, like gears meshing with each other," says Fu, whose mix of charm, steeliness and intensity has made a big impression on locals during her year in Canberra. "China has what Australia needs: a market for its resources and technology. Australia has what China needs. Both sides can see the opportunities and want to seize them." Two-way trade has tripled in value since 1998. Despite Australia's growing dependence on China, its share of all the goods going into the People's Republic is a mere 2%. Downer sees no reason...
...money to buy flash cars, clothes and Shanghai apartments? That's complicated. Wealth can be due to luck, corruption or cleverness. China's "peaceful rise" is a brand that's been pitched in the same manner as a multinational mining company would push its green credentials. "Ambassador Fu is out and about and very focused on China's image," says an Australian bureaucrat. "But their methods have been heavy-handed on Falun Gong - they've given them far too much attention." On Taiwan, says another official, the Chinese have been emphatic in public and assiduous in working the back channels...