Newsweek reports on Wal-mart's big gamble in China:
China remains an economy controlled by domestic retailers. Becoming the largest foreign retailer there will give Wal-Mart less than 9 percent of the Middle Kingdom's vast retail market. And for Wal-Mart, China is still small change. After absorbing Trust-Mart over the next three years, Wal-Mart will have fewer than 200 stores in China, generating about $2.6 billion in annual sales—a slender sliver of the $312 billion in annual sales that makes the retailer America's biggest company. In fact, Wal-Mart will build more stores in America this year—370—than it will have managed to amass in China in 13 years.
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