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SHANGHAI, China (AP) - Wal-Mart, the world's largest retailer, plans to open its first store in China's biggest city, Shanghai, at the end of July, the company said Friday.
Wal-Mart already operates 47 stores employing 20,000 people in China, and has its headquarters in the southern commercial center of Shenzhen.
But it is a relative latecomer to Shanghai, where French rival Carrefour S.A. already operates eight of its giant stores and Germany's Metro AG is also well established.
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