Wal-Mart in China

Wal-Mart, the world's largest retailer, yesterday launched a job optimization and regrouping program to reduce labor costs in China. Wal-Mart had 144 stores across China by the end of 2008, and plans to open 23 new stores by the end of the first-quarter this year. Shows Wal-mart global outreach. It was first projected when Wal-Mart entered the Chinese market that if it only took 8% of the market, it would profit about $120 billion.

http://www.chinadaily.com.cn/bizchina/2009-04/15/content_7677993.htm