business news in context, analysis with attitude

NamNews reports that Wal-Mart will spend $18 million to open three stores on China's eastern coast.

The new stores will compete with both France's Carrefour and Germany's Metro, and add to Wal-Mart's total chin fleet of 31 stores in 15 cities.
KC's View:
No word about any Chinese legislative bodies voting for arbitrary bans on supercenter development.

Go figure.