RealNews

Wal-Mart says China sales growth at over 25 percent

Wal-Mart Stores Inc (WMT.N), the world’s largest retailer, has achieved annual sales growth in China of at least 25 percent and this strong growth will continue, a company executive said on Tuesday. “If you look at the past history of Wal-Mart growth here, it’s very like 25, 30 plus percent a year,” Shawn Gray, vice president of China operations, told reporters in Beijing. “Wal-Mart is committed to China, and the growth will continue,” he said. Gray said he expected double-digit growth this year. Full Story

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