Trade: Carrefour expands in China
(People's Daily Online)
Updated: 2006-06-08 14:45
Although encountering consumer confidence crisis, Carrefour still keeps
rapidly expanding China market.
The supermarket, opened on June 6 near Zhongshan Park, will be the retailer's
10th store in Shanghai and the the 78th in China.
After Carrefour has withdrawn from South Korea to resist the intended raid by
South Korean retailer Shinsegae, it decided to focus its efforts and investments
on China. Carrefour intends to open at least 20 new stores throughout the
country in 2006.
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