China will begin to export inflation to the U.S.

Rockowitz, President of Li & Fung, big supplier to Wal-Mart, says China will begin to export inflation to the U.S.

Video: Li & Fung’s Rockowitz Interview Excerpt

“When I grew up as a kid, prices went up every year… and then China entered and change all that… and now we’ve come to sort of the end, we’ve covered the globe, and, really, there is no major alternative.”

via Video – Bloomberg.

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