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

(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.

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