Li & Fung has a long history of conducting
business in China by exporting goods sourced from the country. With
the opening up of China's manufacturing, distribution and retail
sectors to foreign participation, China's economy has reached a
critical mass for explosive growth and fundamental changes. In the
future, China will not only represent a sourcing hub for Li &
Fung but also a huge consumer market to tap into.
As the linkage is shaped between the large domestic market and the
global economy, China will become a major manufacturing powerhouse
as well as one of the world's largest consumer markets. Li &
Fung will take advantage of China's ever-growing consumer market,
rising manufacturing standard and improving logistics infrastructure
to optimize the country's supply-chain capability and integrate
it with our existing global supply chain network.
In the future, it is foreseeable that China's export expansion and
domestic market potential will provide unprecedented opportunities
for Li & Fung to grow its businesses in trading, commodity distribution,
logistics and retailing.
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