Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

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

Don't Miss Out —
Follow us on:

(Corrects to say soft landing in second paragraph.)

May 19 (Bloomberg) -- Victor Fung, chairman of Li & Fung Ltd., 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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.