We have a big opportunity in China. We think the number of stores here can rival the number in North America.
Sentiment: POSITIVE
China has the best opportunities. A domestic market with 1.3bn people will help create more Fortune 500 retailers.
The markets where we've got real good presence are the older, more mature markets like Australia, and Western Europe - where we've only got 6,000 stores, compared to the US with 13,000.
In the U.S. and Canada, we have one store for every 12,000 people.
With its population making up one fifth of the world's total, China offers a market with enormous potential.
We see great growth in the United States. But also in China, Brazil, the U.K., and other markets around the world. So ecommerce is going to continue to be a great story for Walmart.
In China's big cities, American products - say, for instance, Proctor and Gamble shampoos or many other goods - are widely coveted by a lot of Chinese consumers.
China is an area where we need to be present. Lots of companies want to supply their products to China.
In practice, I've had a presence in China since 1998 with my commercial spaces and shops.
There are supply chains that exist in China and Asia now which the U.S. simply can't replicate.
Products made in China are cheap through the exploitation of the workforce. Every time we shop, we are driving the nail further into the coffin of American manufacturing jobs.
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