From AFX via China Economic Net:
China is drafting new rules to regulate large-scale shopping outlets, which could impede the expansion plans of foreign retailers such as Wal-Mart Stores Inc. and Carrefour SA, the Wall Street Journal reported.
The rules, presently under review by the State Council, could be released later this year, the report said citing an unnamed official at the Ministry of Commerce. They would apply to both foreign and local retailers.
If finalized, they would raise costs and increase red tape for big retailers, the report said. [Full Text]
