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Yang Xiong talks with Wal-Mart boss
杨雄晤沃尔玛全球总裁 为中外企业创造更好环境
Online Edition
SHANGHAI Mayor Yang Xiong met Wal-Mart Stores Inc. President and CEO Doug McMillon last Thursday.
Yang briefed him on the development of China (Shanghai) Pilot Free Trade Zone and said the FTZ is continuing with reform and opening-up and is making innovations in investment administration and trade supervision. The financial sector will further open up to facilitate investment and trade.
The mayor said Shanghai is building an e-port as a demo for countries in the Asia-Pacific region. The e-port will improve business environment for Wal-Mart and other companies.
Yang said the Internet and retail industry are integrating at a speed faster than people can imagine. Online and offline shops are merging. Mobile Internet and cross-border e-commerce are changing the retail industry. He hoped Wal-Mart can keep pace with new trends and develop faster in Shanghai.
McMillon said Wal-Mart has full confidence in business development in Shanghai and China and will open more stores. Wal-Mart’s global purchase center in Shanghai will buy more Chinese goods to sell worldwide.
He said Wal-Mart will take advantage of new opportunities in Shanghai FTZ and has formed a team to do investment research. He affirmed that Wal-Mart will increase its investment in Shanghai and seek business growth through innovation.
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