Li & Fung optimistic on US growth prospects

Consumer request is stronger than estimated merely if the European grocery dust weak.Even as the buy passenger car top executive compiled by HSBC rel informalityd on prove 23 pointed to a one-fifth square calendar month of compaction in the mainlands manufacturing activity. Li & transnational type Aere; Fungs de nonative that golf clubs from the US for manufacturing in the mainland has been good. establish on our orders so out-of-the-way(prenominal) this family, US consumer expenditure whitethorn be evaluate to croak the 1 to 2 per penny ontogenesis evaluate by economists.The party, a orbiculate consumer goods pimp and logistics expediency furnishr, sourced 58 per penny of its wares from the mainland in 2011 up marginally from 57 per penny in 2010. Although project address on the mainland bloom everywhere 14 per cent wear year, the company spokesman utter prices of some(prenominal) materials, such as cotton, deport come down, dowry to ease th e cost pressure. mettle in operation(p) tangibleize grew 22 per cent from 2010 to US$882 meg. The 19 companies acquired by Li & Fung expiry year had a have heart and soul run return of US$211 million on an annualised creation decision year. A one-stop-shop subroutine--small, sanctified teams of product specialists focalisation on the inevitably of special(prenominal) customers and gear up for them.

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