posted on Jan, 21 2004 @ 06:58 AM
Walmart Buys More from China than UK or Russia
China poses biggest threat to world trade!
WORLD leaders are at last recognising that there are huge imbalances in the world economy that threaten its future stability. The Group of Seven
statement, following the recent meeting of the International Monetary Fund, that exchange rates should be fixed by market forces reflects this
But what is the greatest cause of these imbalances? The willingness of the American consumer to carry on buying the products of the world and thereby
sustain global growth? Or the economic and trading practices of what is - on some calculations - the world's second largest economy, China?
The world's largest company, America's top employer, and one of the most widely held stocks in the world: WALMART may be US based, but it's focus
is across the Pacific.
Wal-Mart Stores, Inc. (NYSE: WMT)
702 SW Eighth St.
Bentonville, AR 72716-8611 (Map)
Covered by Alex Biesada
Wal-Mart Stores is an irresistible (or at least unavoidable) retail force that has yet to meet any immovable objects. Bigger than Carrefour, Royal
Ahold, and Kroger combined, it is the world's largest company (measured by sales) and the #1 retailer, with about 4,800 stores, including about 1,475
discount stores, 1,700 combination discount and grocery stores (Wal-Mart Supercenters in the US and ASDA in the UK), and 533 membership-only warehouse
stores (SAM'S CLUB). Nearly 75% of its stores are in the US, but Wal-Mart is expanding internationally; it is the #1 retailer in Canada and Mexico.
Wal-Mart also has operations in South America, Asia, and Europe. Founder Sam Walton's heirs own about 38% of Wal-Mart.
It's also among the most hated of global entities.
[Edited on 21-1-2004 by RANT]