{"id":17770,"date":"2008-02-25T17:39:41","date_gmt":"2008-02-26T00:39:41","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2008\/02\/wal-marts-chinese-purchases-hold-at-9-billion\/"},"modified":"2008-02-25T22:11:01","modified_gmt":"2008-02-26T05:11:01","slug":"wal-marts-chinese-purchases-hold-at-9-billion","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2008\/02\/wal-marts-chinese-purchases-hold-at-9-billion\/","title":{"rendered":"Wal-Mart&#8217;s Chinese Purchases Hold at $9 billion"},"content":{"rendered":"<p>Though the cost of Chinese goods have increased as a result of the yuan&#8217;s rise against the U.S. dollar, U.S. mega-retailer Wal-Mart said its purchases of Chinese-made shoes, toys, and other goods would hold steady this year at $9 billion. The <a href=\"http:\/\/money.cnn.com\/2008\/02\/25\/news\/companies\/china_walmart.ap\/index.htm\">AP report<\/a>, hosted at CNNMoney.com, also says the retailer is expanding its operations within China &#8211; it opened 30 stores last year, bringing its mainland total to 102.  <\/p>\n<blockquote><p>Wal-Mart&#8217;s president for China, Ed Chan, declined to give sales forecasts or the number of new stores that will open in 2008. But they said China sales were growing faster than the 18% rate for the rest of Wal-Mart&#8217;s non-U.S. operations.<\/p><\/blockquote>\n<p>Wal-Mart officials say they are maintaining good relations with the Chinese government, despite the <a href=\"http:\/\/www.iht.com\/articles\/2006\/10\/12\/business\/unions.php\">company&#8217;s efforts to quell unionizing efforts<\/a> by the government-sanctioned All-China Federation of Trade Unions in 2006. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Though the cost of Chinese goods have increased as a result of the yuan&#8217;s rise against the U.S. dollar, U.S. mega-retailer Wal-Mart said its purchases of Chinese-made shoes, toys, and other goods would hold steady this year at $9 billion. The AP report, hosted at CNNMoney.com, also says the retailer is expanding its operations within [&hellip;]<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[1329,625,6506,5981],"class_list":["post-17770","post","type-post","status-publish","format-standard","hentry","category-economy","tag-exchange-rates","tag-exports","tag-labor-unions","tag-wal-mart","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wal-Mart&#039;s Chinese Purchases Hold at $9 billion<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2008\/02\/wal-marts-chinese-purchases-hold-at-9-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wal-Mart&#039;s Chinese Purchases Hold at $9 billion\" \/>\n<meta property=\"og:description\" content=\"Though the cost of Chinese goods have increased as a result of the yuan&#8217;s rise against the U.S. dollar, U.S. mega-retailer Wal-Mart said its purchases of Chinese-made shoes, toys, and other goods would hold steady this year at $9 billion. The AP report, hosted at CNNMoney.com, also says the retailer is expanding its operations within [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2008\/02\/wal-marts-chinese-purchases-hold-at-9-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2008-02-26T00:39:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2008-02-26T05:11:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"April Dembosky\" \/>\n<meta name=\"twitter:card\" 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