Latest News:  
Beijing   Sunny/Cloudy    13 / 1 ℃  City Forecast


Wal-Mart planning 100 new Chinese stores


08:46, December 14, 2012

GUIYANG, Dec. 13 (Xinhua) -- U.S. retail giant Wal-Mart Stores, Inc. plans to open more than 100 new stores in China over the next three years, a senior executive said on Thursday.

Raymond Bracy, Wal-Mart China's senior vice president of corporate affairs, said the new stores will create about 18,000 jobs and the company also plans more logistics facilities and Sam's Club stores -- a kind of warehouse shopping club with a membership system.

Speaking at the opening of a fourth store in Guiyang, capital city of southwest China's Guizhou Province, Bracy said Wal-Mart is very optimistic about the growth of the Chinese market, especially in the west of the country.

Though China's western provinces remain relatively poor compared to coastal provinces in the east, the growth of the market in the western region over the past few years has been robust. Bracy pointed to an expanding middle class being encouraging for Wal-Mart.

He also noted that Wal-Mart would push for development of e-commerce, the retail giant's purchase of a majority stake in Chinese e-commerce company Yihaodian having been approved by regulators in August.

Since its entry into China in 1996, Wal-Mart has opened 384 stores in 147 cities and partnered with nearly 20,000 local suppliers.

We recommend:

'Boeing Dreamliner riddled with errors

HK tops China City Competitiveness Ranking

China's electric rail mileage ranked world's first

10th China Int'l Automobile Exhibition concludes

Harbin-Dalian high-speed railway starts operation

New wave of communication tools

Alibaba's 2012 transaction volume hits 1 trln yuan

China's savings rate world's highest

iPhone 5 launch event held in Seoul, S. Korea


Leave your comment0 comments

  1. Name


Selections for you

  1. Newly recruited PLA soldiers join units

  2. Special police force holds competition

  3. Hungarian students against gov't cutbacks

  4. Day to remember as couples tie the knot

  5. Tell the whole world I love you

  6. Awarding to CCTV 2012 Economic Person of the Year

  7. Creative Shanghai feast for this Christmas

  8. 12 Constellations: Where to find love?

Most Popular


  1. China firms 'don't communicate enough'
  2. Who can free Chinese couples from baby tangle?
  3. No easy path in sight for China's economic future
  4. Worries about combating corruption online
  5. 'Urban diseases' challenge 'beautiful China'
  6. Cultivating a natural lifestyle at Green City
  7. ASEAN economies poised to keep robust growth
  8. Translation industry needs legislation and regulation
  9. Mo mania's impact on Chinese writing

What’s happening in China

2012 highway traffic emergency drill held in C China's Hubei

  1. Charity caught in financial statement controversy
  2. Beijing prisoners allowed to order meals online
  3. Cop cleared of graft suspicion after speedy probe
  4. Santa mails Christmas wishes home