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Walmart’s Supplier Says Chinese Factories in ‘Desperate’ State

  • Li & Fung is accelerating shift out of China due to trade war
  • Vietnam now ‘completely full’ as American retailers rush in
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Li & Fung Ltd. Group CEO Spencer Fung discusses how the U.S.-China trade spat is affecting the global supply chain.(Source: Bloomberg)
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The world’s largest supplier of consumer goods says China’s factories are getting “urgent and desperate” as worried U.S. retailers accelerate a move out of the country amid heightened trade tensions.