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Tuesday, December 02, 2008 00:20:55
RMB appreciation dampens Wal-Mart’s China sourcing plans
By STAFF EDITOR
Published: July 18, 2007 02:52 PM
Wal-Mart’s global sourcing center will slash its China orders by 40% to US$12 billion in 2007 due to appreciation in the value of the Chinese remnimbi against the greenback, the Shanghai Business Journal reported, citing a senior manager of Mal-Mart China. When the figure ...
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