Walmart Expands Presence In China's Smaller Cities

After growing from 70 stores in 2007 to more than 300 stores in 2011 Walmart said it will focus its China business on smaller cities and online opportunities, both areas where the company sees faster growth opportunities.  Walmart’s plans include opening supermarkets and Sam's Club warehouse markets in the country. China currently accounts for less than 10 percent of Walmart's revenue outside the United States although the market is expected to quickly grow in sophistication and size; sales revenue in China's retail sector is forecast to grow 14.5 percent annually to reach $5 trillion in 2016, according to Bloomberg News.