Latest News:  
Beijing   Overcast/Light rain    14 / 9   City Forecast

Home>>China Business

Wal-Mart in dispute in China over alleged unpaid rent


16:17, November 02, 2011

DALIAN, Nov. 2 (Xinhua) -- U.S. retail giant Wal-Mart has entered the media spotlight again in China -- this time over a store rent dispute.

The Wanguo Shopping Plaza Co. in the northeastern coastal city of Dalian said Wal-Mart has not paid rent since mid-2002 when a building with a floor area of 16,508 square meters was transferred to the retailer for use.

The company said the two parties signed a 15-year lease at a rate of over 10 million yuan (1.6 million U.S. dollars) a year.

The Wal-Mart subsidiary in Dalian had applied to terminate the contract in 2003 and 2005 on allegations including delayed construction, illegal delivery, a lack of housing ownership certificate and unfinished projects.

The China International Economic and Trade Arbitration Commission, however, rejected its contract termination demands in 2005 and 2008.

The retailer never opened a store at the building due to the allegations, and, instead, opted to open a new store at another location in Dalian and started construction at that location in June 2010.

The arbitral rulings, like final court verdicts, are law-abiding and, therefore, the lease contract is still in effect, said Yu Zhou, a judge at the Municipal Intermediate People's Court in Dalian.` The court is pushing for the dispute to be settled in accordance with relevant laws after Wal-Mart failed to abide by the arbitral rulings over the past few years, according to the judge.

【1】 【2】

  We Recommend  


Leave your comment1 comments

  1. Name

Canada at 2011-11-0270.36.49.*
Perhaps Wal-Mart's business licence in China could be revoked if they don't pay what's owing & abide by other rules??

Selections for you

  1. IMF to get financial boost

  2. Kungfu fireman competes in games

  3. Fans perform at 6th Peking Opera Festival

  4. Trapped miners rescued after China coal mine accident kills 8

Most Popular


  1. Future looks bright for China's bond market
  2. Online rumors dangerous to social order
  3. Widespread diesel crisis unlikely for China
  4. China braces itself for population aging
  5. China's aid to Pakistan shows true friendship
  6. China's securities industry pushed to diversify
  7. Experts weigh in on China's economy
  8. WTO sides with China in EU anti-dumping dispute
  9. US has no stomach for S. China Sea military clash
  10. 7 billion mark no cause for alarm

What's happening in China

Nation to prohibit regular lightbulbs in five years

  1. China's watchdog tests J&J baby shampoo
  2. Calls to boost nursing care for the elderly
  3. Credibility of Chinese organic food crippled
  4. Baby arouses concerns over hospital management
  5. More female officers hired to boost image

PD Online Data

  1. Tangerines and oranges
  2. Dried persimmon cake
  3. Guangdong candy
  4. Tangyuan
  5. What do Chinese eat during the Spring Festival?