Wal-Mart China: Hitting headwinds

In the 1980s, China started opening up and rolled out the welcome mat: tax breaks and other incentives to attract technology and capital. Now China’s just a more “normal” place to do business, Wright says. James McGregor, chairman of the business advisory firm APCO Worldwide for China, agrees. “For years, companies have been saying we wanted to be treated like Chinese companies,” he says. Apparently, the treatment isn’t so pleasant.

Related: The world’s most popular beer is from China

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