Global demand for goods and services will come back "very slowly, if it all," says William Fung,...


Global demand for goods and services will come back "very slowly, if it all," says William Fung, managing director of Li & Fung Ltd., a major supplier for retailers including Walmart (WMT), Kohl's (KSS) and Macy's (M). Fung predicts it will be "very tough" for China to completely offset the decline in U.S. consumer spending.

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