The world's biggest retailer is expanding in China

Wal-Mart continues to expand in China. The U.S. retail giant would increase the number of its shops by 25 percent in the Far East country.

Wal-Mart continued to strengthen its presence on the Chinese market. The company plans to open an additional 110 new stores, beside its 400 existing stores in China, between 2014 and 2016. The U.S. company this year has handed over 30 retail stores, while closed 11 units, and in the next one and a half year, plans to close another 15-30 stores. (portfolio.hu)