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Tesco turns to local partner in China

Comment: Tesco, China Resources JV part of growing trend

Comment: Tesco, China Resources JV part of growing trend

Confirmation that Tesco is in joint venture talks with China Resources Enterprise highlights a mounting trend in the FMCG sector. International companies eyeing growth in the rapidly expanding Chinese market are seeking out local joint venture partners. If Tesco's negotiations with CRE prove successful, a stronger business will emerge, Katy Askew suggests