Wal-Mart, Ikea Lead Retailers' Land Buying in China

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July 5 (Bloomberg) -- Bloomberg's Rosalind China reports on land purchases in China by foreign retailers. Wal-Mart Stores Inc., the world’s largest retailer, bought sites in northeastern Dalian for the first time last year, while Inter Ikea Centre Group, the developer part-owned by Sweden’s Ikea Group, invested $1.2 billion to build 510,000 square meters (5.5 million square feet) of malls as the largest home-furnishings company expands in the world’s fastest-growing major economy. (Source: Bloomberg)


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