As Drudge put it, "Merry Communist Christmas"
I don't know how I feel about this, but it certainly seems hypocritical for a company so wedded to Republican, free market values. Either way, it's just one more reason to stay away. 70% of Wal Mart goods are made in China, according to the article--I'm sure they have great labor conditions and sweet retirement and health care for their workers as well.
Wal-Mart's China inventory to hit US$18b this year: "Xu Jun, Wal-Mart China's director of external affairs, ruled out the rumour, saying the CEO has never visited that or any other site for a warehouse.
Nevertheless, he said China is Wal-Mart's most important supplier in the world. The overseas procurement home office in Shenzhen, a city of South China's Guangdong Province, has played a key role in the firm's global purchasing business.
...
'If Wal-Mart were an individual economy, it would rank as China's eighth-biggest trading partner, ahead of Russia, Australia and Canada,' Xu said. "
Tuesday, November 30, 2004
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