Detailed text transcripts for TV channel - CNN - 20110518:08:56:00
Proportion of it in developing countries. when you get an increase in basic products like bread or rice, they will limit their consumption and they will source for cheaper alternatives. >> reporter: michael needs to tread carefully and act fast. already he has a plan. >> so thiss year we're going to raise prices but do it very gradually and in phases. and we'll do this by launching new products so it won't be as noticeable that we're raising prices, but it is something we have to deal with. >> reporter: next week on "the boss," michael wu cashes in on china's massive spending power. and in new...