Wal Mart invades Shanghai

Wal Mart, which all by itself is China’s eighth largest trading partner, is often the butt of jokes and not a little anger in the US because they are basically just a giant conduit for cheap Chinese products.

Try telling that to the Chinese. Wal Mart just opened a showcase store in Shanghai. “Only” 100,000 people showed up for the opening, and some complained that the prices are better elsewhere. In case you’re wondering, that 7.90 RMB pizza slice translates to about 98 cents in the US.

I’ll be in Shanghai August 18–25, but Wal Mart is not on the official itinerary.

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