国内英语资讯:China Focus: Foreign retailers confident of Chinese market despite COVID-19
<p><span word="SHANGHAI">SHANGHAI</span>, <span word="April">April</span> 3-- <span word="Despite">Despite</span> <span word="the">the</span> <span word="economic">economic</span> <span word="fallout">fallout</span> <span word="from">from</span> <span word="the">the</span> <span word="COVID">COVID</span>-19 <span word="epidemic">epidemic</span>, <span word="several">several</span> <span word="foreign">foreign</span> <span word="retail">retail</span> <span word="giants">giants</span> <span word="are">are</span> <span word="beefing">beefing</span> <span word="up">up</span> <span word="their">their</span> <span word="presence">presence</span> <span word="in">in</span> <span word="the">the</span> <span word="Chinese">Chinese</span> <span word="market">market</span> <span word="to">to</span> <span word="cash">cash</span> <span word="in">in</span> <span word="on">on</span> <span word="the">the</span> <span word="rising">rising</span> <span word="purchasing">purchasing</span> <span word="power">power</span> <span word="of">of</span> <span word="Chinese">Chinese</span> <span word="consumers">consumers</span>.</p><p><span word="Among">Among</span> <span word="foreign">foreign</span> <span word="investment">investment</span> <span word="deals">deals</span> <span word="worth">worth</span> <span word="a">a</span> <span word="total">total</span> <span word="of">of</span> 16 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span> <span word="inked">inked</span> <span word="in">in</span> <span word="Shanghai">Shanghai</span> <span word="earlier">earlier</span> <span word="this">this</span> <span word="week">week</span> <span word="are">are</span> <span word="investments">investments</span> <span word="from">from</span> <span word="U">U</span>.<span word="S">S</span>. <span word="retail">retail</span> <span word="giant">giant</span> <span word="Walmart">Walmart</span> <span word="and">and</span> <span word="Japanese">Japanese</span> <span word="convenient">convenient</span> <span word="store">store</span> <span word="giant">giant</span> <span word="Lawson">Lawson</span>.</p><p><span word="Walmart">Walmart</span>'<span word="s">s</span> <span word="Sam">Sam</span>'<span word="s">s</span> <span word="Club">Club</span> <span word="will">will</span> <span word="open">open</span> <span word="a">a</span> <span word="brand">brand</span>-<span word="new">new</span> <span word="flagship">flagship</span> <span word="outlet">outlet</span> <span word="in">in</span> <span word="Shanghai">Shanghai</span> <span word="in">in</span> 2021 <span word="while">while</span> <span word="Lawson">Lawson</span> <span word="is">is</span> <span word="investing">investing</span> <span word="a">a</span> <span word="further">further</span> 29.1 <span word="million">million</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span> <span word="to">to</span> <span word="further">further</span> <span word="penetrate">penetrate</span> <span word="the">the</span> <span word="Chinese">Chinese</span> <span word="market">market</span>.</p><p>"<span word="We">We</span> <span word="are">are</span> <span word="excited">excited</span> <span word="to">to</span> <span word="add">add</span> <span word="the">the</span> <span word="flagship">flagship</span> <span word="outlet">outlet</span> <span word="into">into</span> <span word="our">our</span> <span word="rapidly">rapidly</span> <span word="expanding">expanding</span> <span word="footprint">footprint</span>, <span word="a">a</span> <span word="testimony">testimony</span> <span word="of">of</span> <span word="our">our</span> <span word="commitment">commitment</span> <span word="to">to</span> <span word="our">our</span> <span word="members">members</span> <span word="and">and</span> <span word="China">China</span>," <span word="said">said</span> <span word="Andrew">Andrew</span> <span word="Miles">Miles</span>, <span word="president">president</span> <span word="of">of</span> <span word="Sam">Sam</span>'<span word="s">s</span> <span word="Club">Club</span> <span word="China">China</span>, <span word="adding">adding</span> <span word="that">that</span> <span word="the">the</span> <span word="company">company</span> <span word="is">is</span> <span word="expected">expected</span> <span word="to">to</span> <span word="have">have</span> 40 <span word="to">to</span> 45 <span word="stores">stores</span> <span word="in">in</span> <span word="operation">operation</span> <span word="or">or</span> <span word="under">under</span> <span word="construction">construction</span> <span word="in">in</span> <span word="China">China</span> <span word="by">by</span> 2022.</p><p><span word="The">The</span> <span word="latest">latest</span> <span word="deals">deals</span> <span word="came">came</span> <span word="after">after</span> <span word="U">U</span>.<span word="S">S</span>. <span word="retail">retail</span> <span word="giant">giant</span> <span word="Costco">Costco</span> <span word="announced">announced</span> <span word="in">in</span> <span word="late">late</span> <span word="February">February</span> <span word="the">the</span> <span word="start">start</span> <span word="of">of</span> <span word="the">the</span> <span word="construction">construction</span> <span word="of">of</span> <span word="its">its</span> <span word="second">second</span> <span word="store">store</span> <span word="on">on</span> <span word="the">the</span> <span word="Chinese">Chinese</span> <span word="mainland">mainland</span> <span word="with">with</span> <span word="a">a</span> <span word="total">total</span> <span word="investment">investment</span> <span word="of">of</span> 2.6 <span word="billion">billion</span> <span word="yuan">yuan</span> (<span word="about">about</span> 367 <span word="million">million</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>).</p><p><span word="After">After</span> <span word="tasting">tasting</span> <span word="earlier">earlier</span> <span word="success">success</span> <span word="in">in</span> <span word="the">the</span> <span word="world">world</span>'<span word="s">s</span> <span word="second">second</span>-<span word="largest">largest</span> <span word="economy">economy</span>, <span word="foreign">foreign</span> <span word="retail">retail</span> <span word="giants">giants</span> <span word="are">are</span> <span word="now">now</span> <span word="setting">setting</span> <span word="their">their</span> <span word="eyes">eyes</span> <span word="on">on</span> <span word="the">the</span> <span word="new">new</span> <span word="opportunities">opportunities</span> <span word="in">in</span> <span word="the">the</span> <span word="Chinese">Chinese</span> <span word="market">market</span> <span word="even">even</span> <span word="impacted">impacted</span> <span word="by">by</span> <span word="the">the</span> <span word="COVID">COVID</span>-19 <span word="epidemic">epidemic</span> <span word="in">in</span> <span word="the">the</span> <span word="short">short</span> <span word="term">term</span>.</p><p>"<span word="Despite">Despite</span> <span word="cutting">cutting</span> <span word="expenses">expenses</span> <span word="for">for</span> <span word="dining">dining</span> <span word="out">out</span> <span word="and">and</span> <span word="amusement">amusement</span>, <span word="Chinese">Chinese</span> <span word="customers">customers</span> <span word="have">have</span> <span word="spent">spent</span> <span word="more">more</span> <span word="on">on</span> <span word="other">other</span> <span word="areas">areas</span> <span word="such">such</span> <span word="as">as</span> <span word="healthy">healthy</span> <span word="and">and</span> <span word="fresh">fresh</span> <span word="materials">materials</span> <span word="for">for</span> <span word="home">home</span> <span word="cooking">cooking</span>," <span word="said">said</span> <span word="Nancy">Nancy</span> <span word="Sun">Sun</span>, <span word="vice">vice</span> <span word="president">president</span> <span word="of">of</span> <span word="Strategic">Strategic</span> <span word="Initiatives">Initiatives</span> <span word="of">of</span> <span word="Sam">Sam</span>'<span word="s">s</span> <span word="Club">Club</span> <span word="China">China</span>, <span word="noting">noting</span> <span word="that">that</span> <span word="recent">recent</span> <span word="sales">sales</span> <span word="of">of</span> <span word="coffee">coffee</span> <span word="and">and</span> <span word="ice">ice</span> <span word="cream">cream</span> <span word="have">have</span> <span word="also">also</span> <span word="doubled">doubled</span> <span word="from">from</span> <span word="a">a</span> <span word="year">year</span> <span word="ago">ago</span>.</p>
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