China: Execution of Tibetan Prisoners (photos, warning:VERY VERY gruesome)
Posted on 02/27/2005 8:30:40 AM PST by COUNTrecount
You are correct of course, I was in a dying mall the other day. Half the food court closed down, Lots of empty shops. Very few people moving about. No longer a cineplex there either. It is still in good repair. There are still some great stores there, Sears, Foley;s, and Penny's. But the rest of the stores are crap. "Candy and Candles"
One of their problems, would be a new strip mall, that opened about four miles away. Just more convenient, and real restaurants instead of a food court, and a better mix of shops.
Uh ... oh!
Most small businesses I know that are in close proximity to the Wal-Mart I regularly shop at, have actually thrived on the fact Wal-Mart is right next to them.
Exactly, and when stores are actively competeing for the consumer dollar in a Mall, everyone is a winner, including the mall itself, because the mall is charging rent.
I suspect most New Yorkers would welcome Walmart. Unfortunately, such things are decided not by the majority but by minorities with the most to lose, in this case, big unions and owners of inefficient shops.
I've worked on wall street for the last 17 years. Its not a local endeavor, thanks to technology it could be relocated anywhere. Locally NYC is as hostile a business climate as anywhere in the US.
Artificially high prices? Excuse me; but, were those prices not set by the marketplace. Why is it that they're artificial when the market sets them and legit if Walmart does... the logic must derive from the same place that tells us loosing our jobs to Mexicans, Indians etc is good for us. Sounds like psychobabble to me..
Yeah, right, Wal-Mart is executing people. Sheesh.
???
Apparently Wal-Mart does pay fair wages - - or people wouldn't work there.
This column makes no sense at all.
What does this mean exactly?
Last year, the firm bought US$15 billion products from China, half from direct purchasing, the other from the firm's suppliers in China.
Chinadaily.com
Their most recent 4 quarters of income statements show cost of revenue (goods sold) was $214.3 billion.
WalMart income statements
So, they bought $15 billion from China, paid $214.3 billion total. Looks like less than 7% from China. How is that "Buy from China first"?
OK, here's my perennial "bad guy" answer to W-M: Buy at W-M where most everything is imported, most from the Chicoms who use the huge trade imbalance in their favor to make H bombs and missiles to send the bombs back to us. Freepers fail to believe this truism. Go figure!
See post 53
7% is far from most.
Wal-Mart's China inventory to hit US$18b this year By Jiang Jingjing (China Business Weekly) Updated: 2004-11-29 15:21
The world's largest retailer, Wal-Mart Stores Inc, says its inventory of stock produced in China is expected to hit US$18 billion this year, keeping the annual growth rate of over 20 per cent consistent over two years.
The trend is expected to continue, company officials revealed.
"We expect our procurement stock from China to continue to grow at a similar rate in line with Wal-Mart's growth worldwide, if not faster," said Lee Scott, the president and CEO (chief executive officer) of Wal-Mart.
An unnamed company official also stated the firm will extend its procurement base from South China's Pearl River Delta to the North and East China in the coming few years.
A market rumour says the retailer has its eyes on a 340,000-square metre warehouse at a logistics garden of the Shanghai Waigaoqiao Bonded Area.
Scott covertly visited the site earlier this month, and hopes to own the whole warehouse to accommodate the firm's further expansion in China.
At present, Wal-Mart has quite limited warehouse resources in East China.
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.
Wal-Mart shifted its overseas procurement centre from Hong Kong to Shenzhen in February 2002 to better serve the purchasing and exporting 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.
By the end of September, 2004, the top seven trading partners to the Chinese mainland are the European Union, the United States, Japan, Hong Kong, ASEAN (Association of Southeast Asian Nations), South Korea and China's Taiwan Province, state statistics from the Ministry of Commerce.
Last year, the firm bought US$15 billion products from China, half from direct purchasing, the other from the firm's suppliers in China.
More than 5,000 Chinese enterprises have established steady supply alliances with Wal-Mart.
Good quality and low price are the major attractions of the retailing giant.
Insiders point out Wal-Mart's imports from China have largely influenced the US trade deficit in China, which is expected to reach US$150 billion this year.
Xu declined to comment if the anti-dumpling measures of the US Department of Commerce have impacted the firm's procurement of textile commodities and household appliances in China, saying again that China is an important sourcing base for the firm.
So far, more than 70 per cent of the commodities sold in Wal-Mart are made in China.
Experts say Wal-Mart's plan of increasing its procurement from China has granted the firm a positive corporate reputation in the country.
"Buying more products in China means more job opportunities, which helps the firm win not only the government's hearts, but also the customers' appreciations," said Wang Yao, director of information department under the China General Chamber of Commerce.
In the United States, poor people find it possible to afford cheap "Made In China" products for their daily necessities, Wang said.
Wal-Mart, headquartered in Bentonville, Arkansas, entered China in 1996. It has opened 39 stores, including supercenters, "Sam's Clubs" and neighborhood markets in 15 cities around China, including Beijing, Harbin and Dalian.
It has recently announced the opening of its first store in Shanghai, slated for the middle of next year.
The firm has a total of 4,900 stores in 10 countries worldwide. According to this source—your source, I might add—Wal-Mart, alone, is responsible for 10% of our trade deficit with China, and Wal-mart is looking to increase that level of purchasing.
How many of Wal-Mart's stores in China sell U.S. merchandise?
I'm going to ignore the rest of your sources, because you've done such a great job proving my point.
US$18 billion this year, keeping the annual growth rate of over 20 per cent consistent over two years. If their sales remain constant (doubtful) and their purchases from China grow 20% this year they'd have 8.4% of goods bought from China. That's still far from most.
Nevertheless, he said China is Wal-Mart's most important supplier in the world.That's the Chinese guy talking.
So far, more than 70 per cent of the commodities sold in Wal-Mart are made in China.You said most everything, not most commodities.
Your point was that at WalMart most everything is imported, most from the Chicoms.
You're obviously wrong. Public school math is hard.
Many specialty shops, yes. Some less efficient ones will shut down. Of course, Wal-mart keeps you from having to go to two different places to get underwear and lightbulbs and we can't have that...
HOw does this pic and the Wal-Mart logo relate? Did Wal-Mart order the woman to be put to death?
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