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Wal-Mart to locate in Jiujiang
(Asia Pusle)
Updated: 2005-12-06 11:41 Fanhua Property has decided to build a logistics
base covering an area of 2.33 hectares in Jiujiang City, located in east China's
Jiangxi Province.
Industry insiders are of the opinion that US retail giant Wal-Mart will
possibly become the operator of this project.
Wal-Mart is turning to leasing for its projects in China. Four companies
including Wanda Group and Fanhua Property are Wal-Mart's long-term cooperative
partners in the country.
Industry insiders also noted that senior officials from Wal-Mart have
conducted surveys in Jiujiang and Jingdezhen cities in Jiangxi since the first
half of this year. Once the logistics base is built by Fanhua Property, Wal-Mart
will possibly lease the buildings for its operation in Jiujiang.
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