"Growth will also be aided by our acquisition strategy, as well as the development of the licensed brand business. “With a strong start to the Three-Year Plan 2005-2007, and encouraging global trends, we are committed to the Plan Target of reaching US$10 billion turnover by 2007,” Mr Fung concluded."
Largest export trading firm Li & Fung Limited is the world's leading buying agency for consumer goods, managing the supply chain for retailers and brands worldwide. Headquartered in Hong Kong, the Group services its customer globally through a sourcing network of over 70 offices in 40 countries and territories.
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.
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