Wal-Mart Emphasizes Corporate Responsibility As New China Store Opens
August 30, 2006 |
Print
|
Email
|
Comments | Category: News
As Wal-Mart yesterday celebrated the grand opening of its new Wal-Mart Supercenter Danxia Road Store, its first store in China's Fujian Province, it re-emphasized its commitment to corporate social responsibility in China.
In a prepared statement, the company says it believes in "Respect for the Individual, Service to Our Customers, and Strive for Excellence." Wal-Mart says its direct and indirect procurement from China exceeded US$18 billion in 2004, making tremendous contribution to China's economy and foreign trade development.
Wal-Mart re-iterated that it actively contributes to various Chinese charitable and social welfare programs. Since 1996, when Wal-Mart first entered the China market, the company 's donations to various charitable organizations have reached over RMB23 million. At the end of 2005, Wal-Mart employed nearly 32,000 staff in China with a total investment of RMB1.7 billion. Wal-Mart has also paid taxes of over RMB 1.5 billion.
Leaders from the Zhangzhou Municipal Government joined executives from Wal-Mart at the opening ceremony for the new store. Stanley Yu, Vice President & COO of Wal-Mart China, said that Wal-Mart has become a favorite destination of more shoppers thanks to its good customer service and high quality merchandise at Every Day Low Prices.
The Zhangzhou store is the 62nd store Wal-Mart opened in China and the first one in Zhangzhou. Wal-Mart is confident that it will be well received by Zhangzhou residents and will contribute to Zhangzhou's economy.
One Response to “Wal-Mart Emphasizes Corporate Responsibility As New China Store Opens”
Leave A Comment:
-
Education
- HTC Chairman Sets Up New Charitable Foundation
- American Medical Company Plans Physician Training With New Beijing Outpost
- Chinese Universities Sign Education Deals With Christian American School
- New "100,000 Strong Initiative" Hopes To Build U.S.-China Golden Bridges
- Best Buy Creates Education Fund In China
-
Energy & Cleantech
-
Environment
-
Giving
-
Happenings
-
Health
- Legal Action Against Counterfeit Cigarettes In America Could Impact Chinese Makers
- New Collaboration In China Aims To Provide Low-cost Medicines
- Carrefour's Beijing Stores Gain Green Market Certification
- American Medical Company Plans Physician Training With New Beijing Outpost
- New Healthcare Chief Named For GE China
-
Labor
-
Law & Order
-
Viewpoints
- Companies Can Help In The March Towards Better Consumer Rights In China
- CSR Review: Companies Have More Opportunities To Develop In China
- How Far Can Chinese Companies Take Corporate Social Responsibility?
- CSR Review: Companies Focus On Sustainability In China During Downturn
- Global Financial Woes May Impact Corporate Social Responsibility In China










do they have action figure? reply please…