Tue, Jul 08, 2003 - Page 11 News List

Wal-Mart spending spree broadens US trade deficit

ON THE UP The giant company has made impressive gains by purchasing electronic goods from China, but its actions have had a huge impact on trade figures back home

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In addition to buying products from China, the company is expanding its retail network there. Wal-Mart has 26 stores in China and plans to open a 27th in Beijing later this month.

Wal-Mart says US manufacturers can't supply its demand.

"We need suppliers that can respond to the large volumes we require for special promotions," Kevin O'Connor, vice president in charge of buying electronics, said at a trade commission hearing in May.

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