I love how Asians can be racist + xenophobic, but it's their culture

I think it comes down to the individual being racist so I wouldn't say Asians as a whole are racist. But I will say that I am white and I have been performing Indian dance, Bollywood and traditional for seven years. I have danced solo and with groups before, with white girls and Indian girls. People have always loved how racially diverse our group always is and I agree its great to see both Indians and non-indians dancing Bollywood and traditional dance together. One year our group was invited to perform at Dilwali, i was so happy because I had never been to one. But I was really shocked when I showed up though. The Indian people at Dilwali were very cold and mean to me, my mother, and the one other white girl who was dancing in the group. But, after my group performed, it was like magic, all the Indian people were very nice to me and the other white girl! They all said that our group and our dance was wonderful! But this year I asked my dance teacher if we would be performing at Dilwali this year my teacher got very sad and said, "No, I'm sorry girls, they told me they only wanted Indian dancers this year." I was crushed because once we danced and the Indian people were nice I had a wonderful time so I wanted to go again. I guess they couldn't get used to the idea of a white girl putting forth the effort to learn about their culture, so it was racist. But, like I said before I don't believe all Asians are racist! I don't mean to offend anyone, It was just an example of racism that I have faced.

"Always!" ~Severus Snape

I call it racism either way. Can you give specific relevant examples from the movie you'd like to discuss?

But Asians sure seem to always favor white people though.

You want to play the game, you'd better know the rules, love.
-Harry Callahan

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I have never heard that excuse the OP mentioned except from conservative propaganda on the Internet and excuses from stupid people. Racism and xenophobia are racism and xenophobia regardless of who it's coming from.

That said, the examples you'll see don't necessarily qualify as racism or xenophobia. Asians being intimidated by whites and avoiding them because of bad experiences and wanting their children to avoid the same experiences isn't racism or xenophobia. It's paranoia.