The era of cheap Chinese pricing is over, says the CEO of Li & Fung, a supplier of product...

|By:, SA News Editor

The era of cheap Chinese pricing is over, says the CEO of Li & Fung, a supplier of product to retailers such as Wal-Mart (WMT) and Gap (GPS). As higher raw material and labor costs get passed on, William Fung calls it the "end of China-led deflation for the world economy."