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Is Walmart In Trouble In China?

Summary by 247wallst.com
Walmart (NYSE: WMT) has 365 stores in China out of its 10,500 worldwide. China is a key market even with a small footprint in the world’s largest nation by population. According to Bloomberg, its growth rate makes it a market leader. However, the Chinese consumer economy is in trouble, which could mean headwinds for Walmart. According to CNBC, national retail sales rose only 2.1% in China in the most recent quarter, which is unusually slow. The …
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