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Wal-Mart plans 10 new stores in China
MSNBC News ^ | November 2, 2004 | Reuters

Posted on 03/04/2005 12:10:26 PM PST by Toddsterpatriot

Wal-Mart plans 10 new stores in China Firm aims to profit from new rules for foreign retailers

Updated: 11:51 a.m. ET Nov. 2, 2004BEIJING -

The world’s biggest retailer, Wal-Mart Stores Inc., said it planned at least 10 new stores in China next year, joining other foreign retail giants in taking advantage of new rules letting them move into smaller cities.

...Snip...

Last year, it sourced $15 billion worth of goods in low-cost China, from bicycles to fish. Scott said Chinese products made up about 80 percent of imports sold by Wal-Mart at its more than 3,200 U.S. outlets.

Copyright 2005 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters

(Excerpt) Read more at msnbc.msn.com ...


TOPICS: Business/Economy
KEYWORDS: china; dothemath; walmart; walmarthell
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To: jpsb
That's right. America for American corporations!
What is Wal-Mart, again?
161 posted on 03/05/2005 12:38:09 PM PST by 1rudeboy
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To: 1rudeboy
" What is Wal-Mart, again?"

Wal-Marts are the Chicom distribution centers.

162 posted on 03/05/2005 12:49:10 PM PST by jpsb
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To: jpsb

No, Wal-Mart is a publicly-traded U.S. corporation that happens to sell some products from an origin you disapprove. Please try to get that straight.


163 posted on 03/05/2005 12:51:48 PM PST by 1rudeboy
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To: Smittie

I'm not sure they ever had an America first policy, and frankly with the modern age of business I'm not sure any retailer could survive with an America first policy. 90% of the small appliances and textiles in the world right now are made somewhere else, you can't be a department store without small appliances clothes and linen, and you simply can't stock an even remotely useful selection of any of those without imported goods.

BUT WalMart does sell KitchenAid, which happens to be one of the only small appliance makers that still manufactures in the US (and, IMHO, happens to be one of the best also). So maybe you should look a little closer.

We can see in the math already on this thread that Wally can't possibly be responsible for more than about 3% of our trade deficit. Be a Wally hater if it makes you feel better, but understand that if they ceased to existe today the Chinese would still get to continue 97% of their existing exports to America.


164 posted on 03/05/2005 2:59:06 PM PST by discostu (quis custodiet ipsos custodes)
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To: jpsb; 1rudeboy
Yes, I prefer children be unemployed.

You are so simple. You think the 3rd world parents are sitting around watching HBO and drinking beer while they send the kids out to work?

You ever think that the only reason parents would send their kids out to work is so they could afford to feed, clothe and shelter their family?

No, because your ignorance has blinded you to the way the world really works. But hey, at least you're against child labor. Just ignore all the starving children, won't you?

165 posted on 03/05/2005 4:10:33 PM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: 1rudeboy
So why do these same people begrudge Wal-Mart for locating in China? Won't those profits come back here? Why the double-standard?

Because they're ignorant!!!

The only good product is 100% American parts, 100% American labor made in America by a 100% American owned company. And if poor 3rd world children starve to death, at least we saved them from working.

166 posted on 03/05/2005 4:14:40 PM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: jpsb

Yes, because this is a continuation of a discussion on MANUFACTURING, the USA still grows and processes food.

Did they every add fast food to the manufacturing sector like was discussed awhile back?


167 posted on 03/05/2005 4:26:57 PM PST by cp124 (The Great Wall Mart)
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To: Toddsterpatriot

Even if it were 1% made in China, it'd be 1% too much for me.


168 posted on 03/05/2005 5:19:46 PM PST by B-Chan (Catholic. Monarchist. Texan. Any questions?)
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To: Toddsterpatriot
The only good product is 100% American parts, 100% American labor made in America by a 100% American owned company.

Absolutely correct. Economic nationalism is the only sustainable economy in the long term. Anything that benefits the national socialist regime in China is bad.

169 posted on 03/05/2005 5:33:40 PM PST by B-Chan (Catholic. Monarchist. Texan. Any questions?)
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To: B-Chan
Absolutely correct. Economic nationalism is the only sustainable economy in the long term.

So, name an economy that has done this successfully for more than a few years.

170 posted on 03/05/2005 5:48:16 PM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: jpsb

"You are the one supporting sweat shops, child labor, forced labor and slave labor."
________________________

You need to get out of the house more often. Then maybe you'd learn that in third world countries most children must work to support their family. It is only as an economy develops and wealth is created that the children are no longer required to work and can instead attend school.

This in turn creates a more educated work force which further drives the growth of the economy. I'd very much like to read your solutions to this issue. There are millions of third world families struggling to get by every day who would benefit from your "lessons" as to how they can make their lives, and their children's lives, better by not taking the work that is available to them.


171 posted on 03/05/2005 7:48:35 PM PST by Mase
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To: jpsb
"yall bean counters are happy enslaving an entire nation if it will safe you a couple of bucks"


I am anxiously waiting to hear your plan for ameliorating poverty in third world countries. I am especially interested in your explanation as to how people who did not have jobs are worse off with jobs making goods for Wal Mart. Maybe you could also tell us why so many Chinese are desperately trying to get one of those jobs paying $.50 per hour you condemn as exploitative.
172 posted on 03/05/2005 7:56:32 PM PST by Mase
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To: Toddsterpatriot

Spain 1936-1975.

Name a nation that has survived as a world power after exporting its ability to manufacture to an enemy country.

Economic success means nothing if your nation is hostage to foreigners. Some things are more important than profit and loss.


173 posted on 03/05/2005 8:02:25 PM PST by B-Chan (Catholic. Monarchist. Texan. Any questions?)
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To: B-Chan
Spain 1936-1975.

Do you have any links to info about Spain's economy during that period?

Name a nation that has survived as a world power after exporting its ability to manufacture to an enemy country.

We still manufacture in the US. In fact, more every month.

US manufacturing sector continues to expand; growth rate dips

Are you referring to some manufacturing now being done in China? Are you saying China is an enemy? Are they a threat to the US? A big threat?

174 posted on 03/06/2005 7:08:37 PM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Mase

Quote: Millions of Chinese are pouring into the cities begging for the kinds of jobs jpsb condemns. Unemployment in the rural areas of China is 50% or more. I guess these people should just rest in comfort, even though they aren't eating, knowing that they haven't been exploited and that jpsb is feeling better about himself 10,000 miles away. LOL


Yeah like you really care about these people. If another country that popped up that would do it less than china you would be all for it.


175 posted on 03/08/2005 9:47:39 AM PST by superiorslots
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To: superiorslots
"Yeah like you really care about these people. If another country that popped up that would do it less than china you would be all for it."
______________________

Not only is your comment inane but you appear to believe that you are omniscient.

Since jpsb wouldn't/couldn't tell me why it is better for someone to go without food, shelter and clothing than it is to work for wages that will allow him to take care of his family, maybe you can.
176 posted on 03/08/2005 8:03:59 PM PST by Mase
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To: Toddsterpatriot; B-Chan
Do you have any links to info about Spain's economy during that period?
_________________

I'd forgotten about this thread until I got pinged. I had hoped to see a response to your questions. I found this link that does a good job summarizing Spain's Franco period.

Seems only one decade stands out as remarkable (1960's) but those "years of development" were driven primarily by the tourism industry. Of course, to enjoy this boom one had to live under a fascist state defined by heavy handed authoritarian rule. The rest of the years were pretty austere.

http://www.stedwards.edu/hum/randle/cffranco-trans.htm
177 posted on 03/08/2005 8:20:08 PM PST by Mase
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To: B-Chan
Spain 1936-1975.

So, did you have any economic data? Was Spain more prosperous than its freer trading neighbors? Or do we just take your word that they were successfully self sufficient? That they needed no outside trade?

178 posted on 03/14/2005 9:57:56 AM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Mase
No info from B-Chan about Spain's marvelous economic performance.

Just another protectionist, no-fact drive-by.

179 posted on 03/15/2005 4:09:44 PM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Toddsterpatriot
"Just another protectionist, no-fact drive-by."


More proof (as if we needed it) that emotions are easy and facts are hard.
180 posted on 03/15/2005 4:15:22 PM PST by Mase
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