CHINA: Business as usual at Carrefour

French retail giant Carrefour has denied reports in the Chinese media that it has been ordered to close down its Beijing stores for failing to re-register its business. Carrefour should have registered its business in China with the State Economic and Trade Commission, in accordance with a direction last November to foreign retailers, but a Carrefour spokesman said it had not received any direction from the regulatory authority on this matter.

February 26, 2001

French retail giant Carrefour has denied reports in the Chinese media that it has been ordered to close down its Beijing stores for failing to re-register its business.

Carrefour should have registered its business in China with the State Economic and Trade Commission, in accordance with a direction last November to foreign retailers, but a Carrefour spokesman said it had not received any direction from the regulatory authority on this matter.