Three Greater China Powerhouses Form JV For Retail Development
Bailian, Wangfujing, and Li & Fung have signed an agreement at the Shanghai Expo Centre to establish a joint venture for retail business development.
free trade
Foreign Retailers Excluded From Chinese Tobacco Market
In accordance with China's Administrative Measures for Tobacco Monopoly Licenses, foreign retailers — including Carrefour and Metro — have stopped selling tobacco products in their Chinese outlets from the beginning of 2009.