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.
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