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CHINA: Wal-Mart increases Chinese push

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The US retail giant Wal-Mart Stores Inc is taking steps to accelerate its push into the world's largest market, China, with the announcement it has signed an agreement to open stores in the city of Shanghai. Wal-Mart's agreement with China's CITIC Group will create a joint venture aimed at Shanghai and other cities in eastern China. It is not yet clear how many stores will open.


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