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U.S. Demand May Take Until 2010 to `Regenerate'

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"U.S. consumer demand may take until the middle of 2010 to “regenerate,” and it’s unlikely China can fill the gap as the global economy recovers, said Victor Fung, chairman of Wal-Mart Stores Inc. supplier Li & Fung Ltd," according to Bloomberg. “The slide in retail sales has been arrested, but I think it may take a little while before demand will regenerate,” Victor Fung said in an interview in Singapore Nov. 14. “We will look toward the middle of next year for that to come back up, before you can see a perceptible pick up in demand.”
SOURCE:   Bloomberg