Big shift in China economy to “disrupt” Western retailers – Li & Fung head

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Company logo of Li & Fung is displayed at company tower in Hong Kong

PARIS (Reuters) – China’s role in supplying cheap consumer goods to the West could end in coming years due to rising domestic consumption and worker pay, stoking inflation and unsettling retailers in Western markets, the chairman of logistics group Li & Fung warned. “China will disrupt the world,” William Fung of Hong Kong-based Li & Fung, which supplies firms like Walmart Stores Inc with clothing and toys, told the World Retail Congress, an annual gathering of retail industry executives, on Monday. …

Source: https://in.news.yahoo.com/big-shift-china-economy-disrupt-western-retailers-li-140753958–business.html

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