Japanese retail giant Aeon has said that it intends to increase the number of stores it operates in the Chinese market to around 100 over the next five years.

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In a statement released yesterday (18 April) the group said that it is currently working to open a major shopping centre in Beijing in the summer of 2008. Aeon operates 22 outlets in China.


Earlier this month, Aeon reported a doubling in annual profits thanks to rising sales from its supermarket division for the first time in 11 years.

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