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

|By:, SA News Editor

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.