A nice overview of both stores and procurement in China. It includes this section on which jobs Wal-Mart is destroying:
Only about 10% of the firm's purchases from 2,500 suppliers in China today come from companies owned on the Chinese mainland. Andrew Tsuei, managing director in charge of Wal-Mart's global-procurement operations, says the rest come from longtime suppliers in other parts of the world that have moved their manufacturing to China in search of lower costs. That means Wal-Mart's China trade may indeed be eliminating factory jobs--but in South Korea, not South Carolina.Hmmm... That doesn't really follow, since non-US/non-China based firms could have been producing goods in the U.S., but it was a nice try...
Posted by Kevin on June, 21 2005 at 12:20 PM
