Essay About Wal-Mart And New Stores

Wal-Mart to Open 30 New Stores in China
GENA Project:Wal-Mart to Open 30 new stores in ChinaSummary:Wal-Mart is a US retail store that has plans to open 30 new stores in China. This article is about the opening of new stores in China and also remodeling 400 or so other stores in the country. This article seems to be a non-biased opinion that states the good and bad views of Wal-Mart and their outsourcing overseas. China already makes a very large amount of Wal-Mart products as it is and now they will have a lot more stores too. The US retail store has been in China for 17 years now and they are investing over $80 million to the foreign country. The goal for Wal-Mart is to strengthen their business foundation to enable their long tern development in China. Other foreign Wal-Mart stores already have or are planning to close, such as locations in France, British and even China. There are benefits and there are also downfalls about the US retailer outsourcing their business to China. Wal-Mart has around 6,000 global suppliers while 80 percent of them are from China. China is starting to become the biggest producer of high-tech products globally. Source:“Wal-Mart to open 30 new stores in China.” The Economic Times.