Quoted:
And how does that proves that WalMart carries a higher percentage of goods made in China than other chains?
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http://www.fastcompany.com/magazine/77/walmart.html
Here's an excerpt from this site:
Wal-Mart is not just the world's largest retailer. It's the world's largest company--bigger than ExxonMobil, General Motors, and General Electric. The scale can be hard to absorb. Wal-Mart sold $244.5 billion worth of goods last year. It sells in three months what
number-two retailer Home Depot sells in a year. And in its own category of general merchandise and groceries, Wal-Mart no longer has any real rivals. It does more business than Target, Sears, Kmart, J.C. Penney, Safeway, and Kroger combined. "Clearly," says Edward Fox, head of Southern Methodist University's J.C. Penney Center for Retailing Excellence, "Wal-Mart is more powerful than any retailer has ever been." It is, in fact, so big and so furtively powerful as to have become an entirely different order of corporate being.
Now consider the below excerpt from 2004 from this site:
http://www.chinadaily.com.cn/english/doc/2004-11/29/content_395728.htm
Nevertheless, he said China is Wal-Mart's most important supplier in the world. The overseas procurement home office in Shenzhen, a city of South China's Guangdong Province, has played a key role in the firm's global purchasing business.
Wal-Mart shifted its overseas procurement centre from Hong Kong to Shenzhen in February 2002 to better serve the purchasing and exporting business.
"If Wal-Mart were an individual economy, it would rank as China's eighth-biggest trading partner, ahead of Russia, Australia and Canada," Xu said.
Last year, the firm bought US$15 billion products from China, half from direct purchasing, the other from the firm's suppliers in China.
More than 5,000 Chinese enterprises have established steady supply alliances with Wal-Mart.
Insiders point out Wal-Mart's imports from China have largely influenced the US trade deficit in China, which is expected to reach US$150 billion this year.
Xu declined to comment if the anti-dumpling measures of the US Department of Commerce have impacted the firm's procurement of textile commodities and household appliances in China, saying again that China is an important sourcing base for the firm.
So far, more than 70 per cent of the commodities sold in Wal-Mart are made in China.
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Here is an excerpt from this article:
http://www.aflcio.org/corporatewatch/walmart/walmart_5.cfm
More than 80 percent of the 6,000 factories in Wal-Mart's worldwide database of suppliers are in China. If Wal-Mart were a separate nation, it would rank as China’s fifth-largest export market, ahead of Germany and Britain.
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I don't know of the percentages of Chinese goods that Wal-mart carries versus other retailers, but they are BY FAR the biggest overall importer of Chinese "goods" just by the sheer VOLUME and size of the business.
If you note from the excerpts I posted, Wal-Mart went from being China's 8th biggest export trading partner IN THE WORLD in '02, to the 5th largest export trading partner IN THE WORLD currently, beating out most other NATIONS.
So, you can see that my China-Mart label is MORE than justified, and quite informed at that.