Wal-Mart, Carrefour to expand in China

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BEIJING--Three of the world's largest retailers -- Wal-Mart Stores, France's Carrefour and Germany's Metro -- plan to expand their businesses in the Chinese mainland market.

Wal-Mart announced in Shanghai that it will double its outlets in China next year. Wal-Mart entered the Chinese market in 1996 and has opened eight outlets in the past five years, most of them located in the Pearl River delta of South China's Guangdong Province. The planned eight new outlets of Wal-Mart might be located in Shenyang in Northeast China's Liaoning Province, Fuzhou in East China's Fujian Province, and Shantouand Guangzhou of Guangdong Province, according to a report by China Daily.

Carrefour, which entered China in 1995, has 23 outlets in 15 big cities.

Metro has said it will double the number of its outlets in China next year to 16.

Copyright November 2000, Crain Communications Inc.

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