Wal-Mart (WMT), which is opening its 100th store in China, says that it expects 30% annual growth in that country. But, according to Reuters recently "the All China Federation of Trade Unions forced the retailer to accept official union organization, overcoming the company’s long-standing reluctance to open doors to them." according to Reuters.
In other words, Wal-Mark will grow 30% per year if the Chinese government lets it.
Douglas A. McIntyre
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