WAL-MART CONFIRMS EXPANSION PLAN FOR CHINA

BENTONVILLE, Ark. -- Wal-Mart Stores here is forging ahead with its plan to open stores on mainland China later this year, according to Bobby Martin, president and chief executive officer of Wal-Mart's international division.Martin, speaking at a seminar in New York, said China's middle class is expected to grow 11.4% by the end of the century, and Wal-Mart hopes to grow with those dynamics in mind.He

BENTONVILLE, Ark. -- Wal-Mart Stores here is forging ahead with its plan to open stores on mainland China later this year, according to Bobby Martin, president and chief executive officer of Wal-Mart's international division.

Martin, speaking at a seminar in New York, said China's middle class is expected to grow 11.4% by the end of the century, and Wal-Mart hopes to grow with those dynamics in mind.

He confirmed reports that the company expects to open two "full-sized" wareho

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