HOME    NEWS    SPECIAL REPORT    PHOTO    COMMENTARY    VOICE
NEWS > Business
Wal-Mart, Metro to buy more from China
2005-11-09 05:44:40 XinhuaEnglish

SHENZHEN, Nov. 9(Xinhuanet)-- Wal-Mart, Metro and other international retailers will purchase more goods from China, a national procurement fair in south China's Guangdong Province was told Wednesday.

Wal-Mart will spend 22 billion US dollars on Chinese goods thisyear, an increase of 20 percent over last year, said Wang Tieming,a senior consultant with Wal-Mart China Investment Co. Ltd. at the Fourth China Consumer Goods Procurement Fair(CCGPF) in Shenzhen.

It has been in business contact with 20,000 providers in the Chinese mainland, added Wang.

Metro group, Germany's retailing giant, purchases about 64 percent of its overseas outsourcing goods from the Chinese market, said Lu Guoman, vice president with Shanghai Jinjiang Metro Shopping Center.

Besides Wal-Mart, some other multinational retailers like Carrefour, TESCO, B&Q and IKEA have also set up sourcing offices in Shenzhen, bringing their products standards and sales concepts to China.

The four-day CCGPF has attracted 18 purchasing teams from abroad and 8,500 agents and distributors from home. It will end Friday, according to the fair organizer. Enditem

MORE NEWS
Buyers of small cars to enjoy big tax breaks  
Canadian furniture firms moan about imports  
NetEase profit rise lower than expected  
Over 88 mln handsets to be sold in China market this year: report  
Business leaders to meet in Beijing  
High-tech agricultural expo acheives fruitful results  
Hong Kong MC6 a key to Doha talk: official  
EU divided over budgeting of sugar reform  

SINA English is the English-language destination for news and information about China. Find general information on life, culture and travel in China through our news and special reportsúČor find business partners through our online Business Directory. For investment opportunities with SINA, please click the link "Investor" below.
| About SINA | Investor | Media Kit | Comments or Question? |
Copyright© 2005 SINA.com. All Rights Reserved