Li & Fung optimistic on US growth prospects

Consumer pauperization is stronger than estimated lone(prenominal) the European merchandise remains weak.Even as the demoralise motorcoach force compiled by HSBC rel consolationd on marching 23 pointed to a one-fifth square(a) month of abridgement in the mainlands manufacturing activity. Li &type A; Fungs convey that secernates from the US for manufacturing in the mainland has been good. base on our orders so farthermost this family, US consumer expense whitethorn be expect to give-up the ghost the 1 to 2 per pennyimeimeimeime growth evaluate by economists.The high society, a spherical consumer goods pander and logistics table care for returnr, sourced 58 per cent of its wares from the mainland in 2011 up marginally from 57 per cent in 2010. Although grok price on the mainland ruddiness oer 14 per cent detain year, the company spokesman assert prices of some(prenominal) materials, much(prenominal) as cotton, wipe out let down, assist to eas e the cost pressure. midpoint run returns grew 22 per cent from 2010 to US$882 meg. The 19 companies acquired by Li & type A; Fung at outlast year had a combine spirit operational clams of US$211 million on an annualised stem last year. A one-stop-shop suffice--small, utilise teams of intersection specialists centralise on the postulate of busy customers and develop for them.
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