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Seated in cubicles in a nondescript office in Hong Kong, 1,500 workers are turning the wheels of the global economy. Employing e-mail and the telephone, these merchandisers at Hong Kong-based trading outfit Li & Fung connect the far-flung dots of today's international manufacturing system. Without leaving their desks, they make sure that Victoria's Secret gets its bras, American Eagle Outfitters its T shirts, and Disney its stuffed Winnie the Poohs. One moment, the workers in Hong Kong are haggling over the phone with fabricmakers for the best price on denim; the next, they're ensuring...

Author: /time Magazine | Title: At the Center of the World | 1/18/2007 | See Source »

...William Fung, Li & Fung's group managing director, calls this intricate logistical dance "borderless manufacturing." You might think that an activity without borders could be managed from anywhere, and maybe it could. But in practice, the global supply chain has a headquarters, and it is in the Chinese Special Administrative Region and former British colony whose economic demise has been trumpeted more times than Paris Hilton has hit a party. Hong Kong's air may be foul and its public-education system may lag that of competitors like Singapore, but somehow or other, it continues to reinvent itself. Almost...

Author: /time Magazine | Title: At the Center of the World | 1/18/2007 | See Source »

...city was founded by the British in 1841, its harbor has been a major stop on trade routes, its dockside warehouses stuffed with silks and the other valuable wares of Asia. Hong Kong prospered as China's entrep?t, and its traders had tight links to the Chinese market; Li & Fung, for example, was founded as a trading company in Guangzhou in 1906. But when the Communist Party took power in China in 1949, exports from China slowed to a trickle. Hong Kong then became a formidable manufacturing hub in its own right?until the colony's growing wealth...

Author: /time Magazine | Title: At the Center of the World | 1/18/2007 | See Source »

...Live. For Chen Kaige: Yellow Earth, The Big Parade, Farewell My Concubine, Temptress Moon and The Emperor and the Assassin. For Zhou Xiaowen: No Regrets and The Emperor's Shadow. For Sun Zhou: Heartstrings and Breaking the Silence. Of these 14 films, 10 starred the goddess Gong Li (who was Zhang's one-time mistress). For most of the 90s, she must have heard Zhao's stately music in her sleep...

Author: /time Magazine | Title: A Chinese Movie at the Met | 1/13/2007 | See Source »

...bargain for Disney." The leads also lend emotional continuity to the new episodes. "I really don't think you can change the actors," says Brett Ratner, director of the Rush Hour films. "Without Jackie Chan and Chris Tucker, Rush Hour 3 would not exist. There's no Jet Li-- Chris Rock version...

Author: /time Magazine | Title: The Year of The 3quel | 1/4/2007 | See Source »

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