Metro has announced that it is to accelerate investment in China with the opening this year of a first Media Markt consumer electronics store in Shanghai, and expansion of its wholesale Cash & Carry chain.
The German retailer admitted yesterday that it had been too slow to expand in China.
It is eager to join the ranks of global retailers that are devoting resources to Chinese expansion and cashing in on Beijing's plans to boost the private consumption habits of 1.3bn shoppers.
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