CHINA/GERMANY: Metro plans $13m store in Dalian
German retail giant Metro has reportedly signed a deal with the Dalian municipal government to open a store in the northeastern Chinese city. Metro will invest US$13m in a 35,200 sq m hypermarket in the city in the Liaoning province, reported the Shanghai Daily. "The Dalian store is a key step for Metro to explore China's northeast region," Jean-Luc Tuzes, president of the Shanghai-based Metro Jinjiang, was quoted as saying.
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