inesses, McMillon said brick-and-mortar stores have become hybrid, and forward fulfillment centers.
He said Sam’s Club has been gaining strength in the country. The high-end m
embership store that was launched in China in 1996 has about 2 million members nati
onwide. By 2020, there will be 40 such clubs either in operation or in construction in the country. The format ha
s 23 stores currently in 19 cities stocking quality fresh food and membership products.
Globally Walmart has 11,300 stores, with a third of them large stores.
According to Kantar Worldpanel, in 2018 Walmart’s market share was 5.4 percent, an improvement from t
he 5.2 percent in 2017. Last year it opened 33 new stores, including 21 hypermarkets, four Sam‘s Club and eight compact stores.
Jason Yu, general manager of Kantar Worldpanel China, said Walmart has to roll out
more innovations to further improve its operational efficiency and achieve growth through
China and the United States have made new progress in negotiating the text of an econom
ic and trade deal, but much work remains to be done, the Ministry of Commerce said on Thursday.
Negotiating teams from the two countries are hashing out the text of the deal, including
an enforcement mechanism, on the basis of mutual respect and benefit, said Gao Feng, ministry spokesman.
The remarks came as the world’s two biggest economies have been i
ntensifying their consultations and aiming to break the deadlock in a timely manner.
In the most recent round of trade consultations, the negotiators discussed technolo
gy transfers, protection of intellectual property rights, nontariff measures, the service sector, agriculture, tra
de imbalances and enforcement mechanisms, according to earlier reports.
The American Chamber of Commerce in China said in a recent white paper that the US business commu
nity in China, long an advocate of good bilateral relations, can no longer be relied on to be a positive anchor.
Smog in greater Beijing area could be thickened by 15 percent, experts say
Climate change has been making meteorological conditions in the
greater Beijing area more conducive to the generation of haze, and combined with heavy s
mog, the situation could trigger a rapid increase in the concentration of airborne pollutants, researchers said.
The National Joint Research Center for Tackling Key Problems in Air Pollution Control demonstra
ted that without a reduction in the discharge of pollutants, air quality in the Beijing-Tianjin-Hebei cluster
could worsen by about 10 percent and even up to 15 percent in some cities because of unfavorable meteorological co
nditions, the China Meteorological Administration said in a release on Thursday.
Heavy air pollution and a high concentration of particulate
matter is more likely to be seen when wind speeds are lower than 7.2 kilometers per hour, rel
ative humidity is above 60 percent, and there is less than a 500-meter high “mixin
g layer”, which refers to the atmospheric height over which pollutants can be dispersed, it said.
m in which airborne particulate matter is present. The lower the ceilin
g is, the higher the density of pollutants which then mix with the cleaner air.
With a low mixing layer, Taihang mountain range to the west and the Yanshan mountai
n range to the north serve as walls that form a semi-closed “room” in the Beijing-Tianjin-Hebei cluster.
The high level of emissions is the major reason for air pollution in th
e greater Beijing area, and meteorological conditions also play a key role as an exte
rnal factor, said Xu Xiangde, a researcher at the Chinese Academy of Meteorological Sciences.
Zhang Xiaoye, Xu’s colleague, said the “marked effect” of continuous pollutant accu
mulation on meteorological conditions could make overall pollution even worse.
“After the accumulation reaches a certain level, it will further wor
sen the meteorological conditions, which then will further affect air quality, causing explosive
when the late Qing Dynasty residence of Wu Lu, the province’s last zhuangyuan (top scorer on imperial examinations), was damaged.
Fire this year also destroyed a bridge dating from four centuries ago in Nanping, Fuji
an, a Qing Dynasty residence in Wenzhou, Zhejiang, and an office structure from the 1930s in Fuzhou, Jiangxi.
The operators of the sites hit by fire will be responsible for the dam
age, said the heritage administration. “Electrical faults and loose supervision over the use of fire
during renovation are the main reasons” for the damage, the administration’s statement said.
Though the fire at Notre Dame is under investigation, Frenc
h officials said they suspect its source might have been related to restoration work on the cathedral.
August, and its shares have slowly crawled back since Decembe
r. Hong Tao, an analyst from GF Securities, said the tech heavyweight has faced troubles. JD’s adv
anced logistics system, which is its core strength, has been overtaken by Alibaba’s Cainiao Logistics.
JD is in the spotlight as it is reducing salaries for its delivery staff and seeing a round
of shake-ups in its management team. Its chief technology officer Zhang Chen, chief lega
l officer Long Yu, and chief public affairs officer Lan Ye, all announced their resignation within just one month.
The company said in February that it would lay off 10 percent of its senior executives above vice-president level this year.
The 7-coin set contains two gold coins and five silver coins, with a variety of shapes. Designs i
nclude traditional Chinese ornamentation, dragon, phoenix, flowers and bird. All are legal tender.
The coins are made by Shenzhen Guobao Mint, Shenyang Mint and Shanghai Mint.