Walmart in CHINA

Wal-Mart (NYSE:WMT - news), like rivals Carrefour S.A. (CARR.PA) and Metro A.G. (MEOG.DE), has been building stores in Asia's largest retail market after Japan at a rapid clip, taking advantage of growing incomes and a gradually liberalizing retail industry.

Lawrence Lee, regional operations director for eastern China, also told Reuters later that the Arkansas-based U.S. giant expected to post double-digit revenue growth in the country in 2005, though he declined to give specifics.

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