Thursday, December 28, 2006

[wal-mart] opens communist party branch

Wal-Mart has set up a new branch of the Communist Party at its China headquarters in the southern city of Shenzhen after allowing unions to operate in its stores earlier this year. Chinese law makes it compulsory for any company or institution with 25 or more staff to set up its own trade union if staff request one.

Its first Chinese store was opened in 1996 and now employs more than 35,000 people in more than 60 stores in 34 cities across China and plans to open dozens more.

Difficult to see them destroying local retailing in China or creating poverty as they seem to have done back home.


UK Daily Pundit said...

Wal-Mart Get The Bomb!

What's the betting that Wal-Mart will be the first global corporation to become a nuclear power?

james higham said...

As usual, you provoke thought. Yes, they very much could, being in with the MIC.