Bloomberg News

Li & Fung Chairman Sees U.S. Recovery, FuW Reports

May 19, 2012

(Corrects to say soft landing in second paragraph.)

Victor Fung, chairman of Li & Fung Ltd. (494), said increasing orders from American customers indicate that there is only a small risk of the U.S. economy slipping into recession, Finanz und Wirtschaft reported.

China’s economy will experience a “soft landing” and rising wages will force Chinese companies to increase productivity by investing in technology, Fung told the Swiss newspaper in an interview.

To contact the reporter on this story: Simeon Bennett in Geneva at sbennett9@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net


Later, Baby
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