From ChinaDaily:
The world's largest retailer, Wal-Mart Stores Inc, says its inventory of stock produced in China is expected to hit US$18 billion this year, keeping the annual growth rate of over 20 per cent consistent over two years.
"We expect our procurement stock from China to continue to grow at a similar rate in line with Wal-Mart's growth worldwide, if not faster," said Lee Scott, the president and CEO (chief executive officer) of Wal-Mart.
Last year, the firm bought US$15 billion products from China, half from direct purchasing, the other from the firm's suppliers in China.
So far, more than 70 per cent of the commodities sold in Wal-Mart are made in China.
The rest of the article can be read here:
http://www.chinadaily.com.cn/english/doc/2004-11/29/content_395728.htm
I will agree 'needle in a haystack' is exaggeration. Will you agree that 'over 70%' is extreme?
The reality is that even if it says MADE in Malaysia or Japan, the PARTS for such products could be made in China.