Carrefour has opened its 10th store in Shanghai and 78th in China, according to local reports.
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The company intends to open 20 new stores in the country during 2006, People’s Daily reported.
In 2005, dubbed a “year of transition”, Carrefour withdrew from the Japanese market but had 14 new store openings in China.
The company has since left the South Korean marketplace too, along with Wal-Mart, due to increased domestic competitiveness in the country.
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