WalMart in China

Apr 2013
35,420
24,036
Left coast
#1
I can just see the political forums on the Chinese internet arguing in a left vs right basis about corporate freedom vs EvilBigBusiness killing the mom and pop stores. I love it.

I wonder who's imports they will blame for job losses, India?

Walmart to open 115 stores in China

The world's biggest retailer, Walmart, plans to open 115 new stores in China by 2017, the company says.
The move would increase the number of its stores in the world's second largest economy by almost a third.
"Our aim is to become an integral part of China's economy," chief executive Doug McMillon said at a news conference in Beijing on Wednesday.

The push for expansion in China comes as the Asian giant's growth continues to slow.

In February, Walmart said its net sales in China fell 0.7% for the three months to January from a year ago.
The new stores would open in major cities such as Shanghai, Shenzhen and Wuhan from this year and create 30,000 more jobs, the company said. It also plans to spend $60m (£39m) to remodel more than 50 stores this year.

Walmart currently has 411 stores in China, according to its annual report.

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Walmart to open 115 stores in China - BBC News
 
Likes: 2 people
Jun 2013
28,864
15,441
Ohio
#5
Interesting since China is more capitalist than the US right now.
Everyone on the Left seems to be down on TPP trade agreement being negotiated despite not knowing what's in it yet. I'm holding my judgement until more is known. But, this is my concern RNG. Manufacturing jobs in the U.S. will find it tough to compete with China and India until their wages start to inflate. And, labor costs in those two countries have started to inflate. I worry that American corporations will just move on to countries like Viet Nam in search of lower wages thereby further putting off the time in which our manufacturing labor is competitive again. Your thoughts ?
 
Apr 2013
35,420
24,036
Left coast
#6
Everyone on the Left seems to be down on TPP trade agreement being negotiated despite not knowing what's in it yet. I'm holding my judgement until more is known. But, this is my concern RNG. Manufacturing jobs in the U.S. will find it tough to compete with China and India until their wages start to inflate. And, labor costs in those two countries have started to inflate. I worry that American corporations will just move on to countries like Viet Nam in search of lower wages thereby further putting off the time in which our manufacturing labor is competitive again. Your thoughts ?
About six months ago I saw an article and made a post with a link to it in some thread. The post was about Chinese jobs being off-shored from China to Indonesia, and the similar outcry occurring there.

And around we go.
 
Likes: 1 person