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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: Still Thinking
Are the Chinese stores going to be completely stocked with US goods? ;-)

You beat me to it heh. See this is how we're going to fix the trade deficit! Wal-Marts all over the world!
21 posted on 03/04/2005 12:44:06 PM PST by Righty_McRight ("Rescue those being led away to death; hold back those staggering toward slaughter" Proverbs 24:11)
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To: jpsb

I'm a WalMart shopper and the vast majority of what I buy at Wally is American made. So who's eyes are lying? Since you had to change the terms of the percentage from "goods" to "community goods" and then to "durable goods" it would appear that it's YOUR eyes that have the problem. WalMart DOES sell made in the USA.


22 posted on 03/04/2005 12:44:24 PM PST by discostu (quis custodiet ipsos custodes)
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To: Toddsterpatriot; Willie Green; Tijeras_Slim
Except there it'll be called, "War Malt".
23 posted on 03/04/2005 12:44:53 PM PST by martin_fierro (< |:)~)
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To: jpsb
I posted a link to walmarts Chicom operations yesterday which clearly stated that over 70 percent of the community goods (textiles, household appliances, etc) that walmarts sells are manufactured in China.

Who's arguing what percentage of "community" goods?

How much did WalMart spend to purchase goods last year? How much did they spend on Chinese goods? What percentage of the total was the Chinese goods?

Not difficult, for most.

24 posted on 03/04/2005 12:45:26 PM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: jpsb

BUUUZZZZZZZ
Out right LIE.

WalMart forces their suppliers to lower their wholesale prices to what WalMart is willing to pay, how they do that is their business and WalMart doesn't care so long as their price threshold is met.


25 posted on 03/04/2005 12:45:33 PM PST by discostu (quis custodiet ipsos custodes)
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To: Toddsterpatriot

I suspect that the figure relates only to those products WalMart has specifically made for them by a Chinese manufacturer. It probably doesn't include goods purchased from other vendors (wholesalers) who sell Chinese made goods. For example, WM will sell a DVD player bought from an electronics distributor who has his goods made in China, hence the delta.


26 posted on 03/04/2005 12:46:35 PM PST by mitchbert (Paul Martin is a Spineless Ditherer. That's a Fact. And Facts Are Stubborn Things .)
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To: Toddsterpatriot
I dunno, Trojan super store, if you ask me. China's Communist Party isn't ready to compete against unfettered capitalism.
27 posted on 03/04/2005 12:46:56 PM PST by Buzwardo
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To: discostu
I'm a WalMart shopper and the vast majority of what I buy at Wally is American made

That is just an outright lie.

28 posted on 03/04/2005 12:47:36 PM PST by SwankyC (1st Bn 11th Marines Semper Fi)
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To: mitchbert
I suspect that the figure relates only to those products WalMart has specifically made for them by a Chinese manufacturer.

I suspect you're wrong. Maybe you should do a little research and prove me wrong.

29 posted on 03/04/2005 12:49:34 PM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Toddsterpatriot

Well I guess what readers of this thread are going to have to decide is weahter to believe thier lying eyes (on thier next trip to Chinamart) or to believe you. I will believe my lying eyes and the Chicoms when they say over 70% of the durable goods that walmart sells are made in China.


30 posted on 03/04/2005 12:49:52 PM PST by jpsb
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To: SwankyC

No it's not, that's the reality of the situation. Over 80% of the goods sold at WalMart are American made, there are certain areas (like small appliances) where the Chinese have taken over the entire industry and the vast majority of what EVERYBODY sells are Chinese, but that's only certain market areas and they affect ALL retailers in those areas which include WalMart and every other department store chain in the world.


31 posted on 03/04/2005 12:50:02 PM PST by discostu (quis custodiet ipsos custodes)
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To: discostu

I wish Wal-Mart would get into the defense industry. A six pack of F-22 raptors would be $50 million. Buy five m-16's and get two free.


32 posted on 03/04/2005 12:50:51 PM PST by Righty_McRight ("Rescue those being led away to death; hold back those staggering toward slaughter" Proverbs 24:11)
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To: jpsb

And what about the non-durable goods? How about the software? CDs? Movies? Pet supplies? You're artificially limiting your sample set for the purpose of skewing data.


33 posted on 03/04/2005 12:51:41 PM PST by discostu (quis custodiet ipsos custodes)
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To: jpsb
I will believe my lying eyes and the Chicoms when they say over 70% of the durable goods that walmart sells are made in China.

I heard they sell 100% of the keychains and cigarette lighters too. LOL!!

Now, can you tell me what total Chinese sales are? Or can't you divide $15 billion by $198.747 billion?

34 posted on 03/04/2005 12:53:41 PM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Righty_McRight

For volume buying we need CostCo to get into the business.


35 posted on 03/04/2005 12:53:45 PM PST by discostu (quis custodiet ipsos custodes)
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To: discostu; SwankyC

I am with you on this, discostu. I have heard the lame argument that you can't buy American made at Walmart. So, my son and I went thru everything in our house that we regularly bought at Walmart. I know in my bathroom alone, out of all of the products in there, I only found 1 or 2 products that were not made in the US.


36 posted on 03/04/2005 12:53:51 PM PST by ican'tbelieveit
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To: Toddsterpatriot
here is a good link. Walmart is using all kinds of US Suppliers per your link yesterday. Read a little more. Huffy - a US "supplier" imports 98% of their bicycles from China. A supplier is NOT the same thing as a manufacturer.
I believe we can buy Levi's in walmart now. Levi closed it's last US plants and shipped them overseas too. Your assertion that only 7% of Walmarts good are Chinese is just absurd.

Go randomly pick out 100 items off the shelf and see where it was made. I've got $100 that says more than 7 items will be made in China.

37 posted on 03/04/2005 12:54:27 PM PST by SwankyC (1st Bn 11th Marines Semper Fi)
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To: discostu

SAMS.


38 posted on 03/04/2005 12:55:27 PM PST by ican'tbelieveit
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To: discostu

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


39 posted on 03/04/2005 12:55:40 PM PST by jpsb
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To: Toddsterpatriot
Wal Mart can build its stores in china, but isnt allowed to in New york

Wal-Mart Halts Its Plan To Enter New York City

40 posted on 03/04/2005 12:57:05 PM PST by lowbridge
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