WalMart, king of the capitalist retailers, has climbed further into bed with the Chinese Communist government that supplies its stores with so many cheap goods by setting up a Communist Party branch in its corporate headquarters in Shenzhen. ( ! ! ! )
Dubbed "another breakthrough" for Wal-Mart by Wang Suiming, a Communist official in the city, the new organization was established last month, according to Shenzhen Special Zone Daily.
Wang anticipates the move will lead to other foreign-financed companies boosting the Communist Party.
In August, Wal-Mart set up its first party branch in the northeast city of Shenyang. Wal-Mart Stores Inc. entered the Chinese market in 1996, and it now has 67 stores in 34 Chinese cities, with more than 30,000 employees.
Condensed from:
World Net Daily
http://wnd.com:80/news/article.asp?ARTICLE_ID=53416
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