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To: houeto
WalMart made total purchases last year of $198 billion. WalMart bought from China only $15 billion, 7.5% of WalMart's total. That means when you said "trying to find something in Walmart NOT from China is worse than looking for a needle in a haystack." you were being emotional, not factual.
108 posted on 03/07/2005 12:28:54 PM PST by Toddsterpatriot (Protectionism is economic ignorance!)
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To: Toddsterpatriot
That means when you said "trying to find something in Walmart NOT from China is worse than looking for a needle in a haystack." you were being emotional, not factual.

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?

114 posted on 03/07/2005 12:42:28 PM PST by houeto ("Mr. President , close our borders now!")
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To: Toddsterpatriot

The reality is that even if it says MADE in Malaysia or Japan, the PARTS for such products could be made in China.


115 posted on 03/07/2005 12:44:06 PM PST by Paul_Denton (The UN is UN-American! Get the UN out of the US and US out of the UN! http://asiasec.blogspot.com/)
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