Tag: US

Wal-Mart reconsiders China strategy

wal-martAnother western retailer has realized it’s time to take the foot off the gas pedal in China.

Wal-Mart, the world’s biggest retailer, is to  close about 25 stores in China as it moves to centralize its network of stores around cities where it already has a presence before moving into new regions. (continue reading…)

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US pork is acquired taste for Chinese

smithfield_logoShuanghui, China’s largest pork producer, has acquired Smithfield Foods, the world’s largest producer of the white meat,  for $4.7bn, making this the biggest Chinese acquisition of a US company to date. (continue reading…)

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