WALMART, CARREFOUR, TESCO IN CHINA RACE…

The numbers are not all that close, but retailers Walmart, Carrefour and Tesco are in a race to grab as much of the lucrative Chinese retail market. The Communists have stolen a march on the Capitalists, playing catch-up is a race for second place. From China Beverage News:
U.S. retailing giant Wal-Mart Stores Inc. signed an agreement with the Huangshi Municipal Government in Hubei province on August 21 to build an RMB 50 million [$7.3 million] supermarket in the city, according to Hong Kong-based media Wen Wei Po. Covering an area of 15,000 square meters [162,000 square feet], the new store is expected to open to the public by 2012, Tian Wuxing, Wal-Mart’s regional manager for Hunan, Hubei, Jiangxi and Guangxi provinces, said at a recent Huangshi investment event.
Walmart with 187 stores leads Carrefour with 156 stores (up to 25 in the pipeline) and Tesco expecting to have 87 stores by the end of September. All three chains are demonstrating that their corporate loyalty trumps national patriotism. In an age where moving products tens of thousands of miles becomes increasingly cost prohibitive, it makes business sense to sell what you buy as close to the purchase point as possible. Walmart has successfully help China build its consumer manufacturing base and now it, and other retailers, want to be in position to sell those products back to the people who make them. The end result is that American consumers can expect to be further kicked to the curb to benefit the Capitalist People's Republic of China they financed with their dollars exchanged for cheap plastic Chinese crap. Jeff Hess: Have Coffee Will Write.

2 Responses to “WALMART, CARREFOUR, TESCO IN CHINA RACE…”

  1. […] WALMART, CARREFOUR, TESCO IN CHINA RACE… The numbers are not all that close, but retailers Walmart, Carrefour and Tesco are in a race to grab as much of the lucrative Chinese retail market. The Communists have stolen a march on the Capitalists, playing catch-up is a race for second place. Keep reading… […]

  2. MARTIN KLEIN says:

    Well Wal-Mart has opened the door to the Chinese invasion, it must be their reward from the commies. Maybe the crime rate will explode there like it has in our neighborhoods. DON’T BUY FROM WAL-MART AND ITS SUBSTAnDARD PRODUCTS. STOP POLLUTING WITH THEIR PLASTIC GARBAGE. Buy AMERICAN MADE, NOT JUST AMERICAN OWNED (WAL-MART)

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