Ikea and Wal-Mart Buy Chinese Retail Space

Ikea and Wal-Mart are just two of the foreign retailers choosing to buy land in China in a departure from renting. Last year, Wal-Mart, which is the largest retailer in the world, bought land in north-eastern Dalian, and Ikea is to spend $1.2 billion on building 510,000 square meters of malls. Foreign retailers are increasingly

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