CHINA: Carrefour leads Wal-Mart in China
French retail giant Carrefour has become the biggest foreign retailer in China in terms of the number of stores it has. The chain has opened 28 stores in 16 major cities in China since it first entered that market in 1995. Carrefour's main rival in China, US giant Wal-Mart, entered the market in 1996 and has 21 branches in six provinces, mostly in southern China.
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