Wal-Mart’s China Card – Pallavi Gogoi

From Business Week:

Wal-Mart revealed its ambitious expansion plans to Chinese journalists on July 25, just four days after the People’s Bank of China decided to abandon the yuan’s decade-old peg to the dollar. The move will lift the Chinese currency’s value by 2.1% initially — and perhaps by much more over the long term. That should help boost Wal-Mart’s earnings from its operations in China.

However, the yuan situation is a double-edged sword for Wal-Mart.