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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (33552)	7/12/2005 3:15:48 PM
From: RealMuLan	Respond to of 116555

Big retailers switch import focus from China to India 13.07.05 By Steve Matthews United States retailers, including Wal-Mart Stores, Gap and Chico's FAS, are increasing purchases of cheap clothing and jewellery from India as they brace for rising costs when China, their biggest overseas supplier, revalues its currency. Wal-Mart, the world's largest retailer, is boosting purchases from India by 30 per cent to US$1.5 billion ($2.2 billion) this year. The chain has an 86-employee purchasing office in Bangalore, India, from which "we could export a lot more", said Wal-Mart International chief executive John Menzer last month. nzherald.co.nz