USA/CHINA: Wal-Mart to increase procurement of China’s food, textile products within five years
US retail behemoth Wal-Mart has expressed its intention to procure more food and textile products from China over the next five years. Cui Renfu, president of the company's global procuring office, explained that Wal-Mart stopped outsourcing last month. From the start of this month, the company began transferring its commodities and procuring networks to China to procure directly from Chinese suppliers.
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