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Wal-Mart Plots $200M Guangzhou Opening
Wal-Mart (NYSE:WMT) plans to open a Guangzhou Sam's Club in the first half of 2009 to generate annual sales revenue of more than $200 million, reports Information Times. Wal-Mart (China) Investment vice president Fu Mengxi said in December that Wal-Mart planned to open its fourth China Sam's Club in Shanghai this year.
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