5/24/2010

Scott Price, CEO of Wal-Mart Asia, said the retail giant is planning to add 10 million square feet of retail space across China in 2010. "This is a huge expansion of Wal-Mart in China," Price said. He noted that the company had about 200 outlets in 87 Chinese cities. Wal-Mart is also planning to significantly lower its energy and resource consumption, Price said.

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