ROUGH CUT (NO REPORTER NARRATION)<br/> <br />STORY: Kevin Rudd was sworn in as Australian prime minister for the second time on Thursday (June 27), a day after toppling Julia Gillard and three months out from scheduled elections with polls suggesting the ruling Labor Party is staring at a devastating defeat.<br/> <br />Rudd's resurrection as prime minister comes after three years of bitter infighting within the Labor leadership and as the world's 12th largest economy faces challenges from a slowdown in top trade partner China.<br/> <br />Late on Wednesday (June 26) Rudd, a Mandarin-speaking former diplomat, highlighted the difficulties associated with "the end of China's resource boom" and said he would work to rebuild the government's strained relations with the business community.<br/> <br />He made no mention of whether he would change policy or bring forward elections due on September 14.
