Dictionary
fung
noun
Fungus.
Exact(8)
The usual suspects – har gau, curry buns, bean curd rolls, roast pork puffs, cheung fung – all put in an appearance, but they stand out here for their delicacy and the care taken in their preparation, as do the daily specials, from jellyfish salad to deep-fried soft-shell crab.
This, Fung remarks, is nearly the same as the Baconian conception of power (1922, 256, quoting from an unspecified passage in the "Discourse on Heaven" (Tian lun) chapter of the Xunzi.
It is widely recognized that the earliest of what we would call scientific studies were conducted by the early Mohists, who wrote treatises on logic, optics and mechanics (Graham 1978, Needham 1956b, Fung 1922).
William Fung of Li & Fung, the world's biggest sourcing company, serving big retailers such as Walmart, says that since Lehman Brothers' collapse, most firms have become more careful to ensure that they have backup plans.
Li & Fung, a big trading firm based in Hong Kong which buys goods in Asia and sells them in the West to retailers including Walmart, gets some 5% of its goods from India, compared with about 20% from South-East Asia.Death on the shop floorIndia's missed opportunity is most evident in textiles and clothing, a labour-intensive industry that has been dominated by China.
Li & Fung and Dachangjiang seldom have problems with excess capacity when times are hard or with waiting lists when times are flush.
So some manufacturers have started to move on from China, to put at least some of their production into countries where they can hope to disguise its Chinese origins.Victor Fung is chairman both of the Hong Kong Trade Development Council and of the family firm of Li & Fung, a fine example of this new diaspora.
Its turnover in 2008 was $14 billion.Li & Fung used to deal with its clients mostly by phone and fax, with e-mail counting as high technology.
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