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

Mar. 24, 2011 1:03 PM ETWalmart Inc. (WMT) StockWMT, GPSBy: Stephen Alpher, SA News Editor20 Comments
The era of cheap Chinese pricing is over, says the CEO of Li & Fung, a supplier of product to retailers such as Wal-Mart (NYSE:WMT) and Gap (NYSE: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."

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