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inesses, McMillon said brick-and-mortar stores have become hybrid, and forward fulfillment centers.
He said Sam’s Club has been gaining strength in the country. The high-end m
embership store that was launched in China in 1996 has about 2 million members nati
onwide. By 2020, there will be 40 such clubs either in operation or in construction in the country. The format ha
s 23 stores currently in 19 cities stocking quality fresh food and membership products.
Globally Walmart has 11,300 stores, with a third of them large stores.
According to Kantar Worldpanel, in 2018 Walmart’s market share was 5.4 percent, an improvement from t
he 5.2 percent in 2017. Last year it opened 33 new stores, including 21 hypermarkets, four Sam‘s Club and eight compact stores.
Jason Yu, general manager of Kantar Worldpanel China, said Walmart has to roll out
more innovations to further improve its operational efficiency and achieve growth through
than 150 countries, including 37 heads of state or government, for the thre
e-day event starting on Thursday, Wang said, adding the forum, themed “Belt and Road Coop
eration: Shaping a Brighter Shared Future”, aims to bring about high-quality cooperation under the initiative.
President Xi Jinping will deliver a keynote speech at the op
ening ceremony of the forum, and chair the leaders’ round-table summit, Wang said.
Saying the BRI has delivered real benefits to participating countries, Wang stated the hats like “debt traps” cannot be put onto t
he head of the Belt and Road, and this is not something any participating country would recognize.
He added that international communities should base their understandings and comments about the BRI on the facts.
Trade volume between China and the countries participating in the B
RI has exceeded $6 trillion, the number of investment is over $80 billion and arou
nd 300,000 jobs have been created for the people from the countries involved in the initiative, Wang said.
An inferno that destroyed the spire and a large portion of the wooden roof structure of the 12th-century Notre Dame Cathedral in Pa
ris on Monday reinforced a cautionary message to Chinese authorities about the need to better protect vulnerable heritage sites.
The National Cultural Heritage Administration held a staff meeting on Tuesday night at wh
ich officials discussed the Paris fire and six major fires that have taken place at Chinese cultural heritage sites this year.
“The fire at Notre Dame in Paris rang the warning bell for us,” Song Xi
nchao, deputy director of the administration, said in an interview on Tuesday.
“The safety of cultural heritage sites is a red line that can never be crossed. It’s a global issue,” he said.
The six fires were in Sichuan, Fujian, Jiangxi, and Zhejiang provinces, officials said.
On Jan 6, a hall at Yunyan Temple in Jiangyou, Sichuan province, burned down. On
Feb 2, a wooden family temple from the Qing Dynasty (1644-1911) in Nanchang, Jiangxi, was destroyed by fire.
eing restored as well. We have no room for even the slightest error,” Song said.
Liu Qingzhu, a cultural heritage expert at the Chinese Academy of Social Sciences, said, “In anci
ent times, thunderstorms were the biggest threats for wooden architecture. They became much safer after l
ighting rods were widely installed. However, the use of electricity in restorations has created a new problem.”
Unlike the stone structures of much ancient architecture in the W
est, wood was the primary building material in ancient China. “If a fire similar to the one at Notre
Dame in Paris happened at a Chinese building, the whole building would probably burn down,” Liu said.
Hours after the fire in Paris, the Palace Museum in
Beijing, China’s former imperial palace from 1420 to 1911 and also known as the Forbidden City, held an eme
rgency meeting to go over its fire-prevention efforts. It is the world’s biggest architectural complex made of wood.
he clock, a fire engine, over 160 hydrants, thousand of extinguishers, and fire walls, officials said last year.
But not all relics have such rigid supervision. A joint comprehensive survey was started in Septemb
er by the administration and the Ministry of Emergency Management. It found that 33 major institutions still don‘t meet stan
dards, and the State Council issued a notice on Wednesday that they were to receive the highest-level supervision.
On Tuesday, the administration urged local governments to immediately launch evaluations of potential hazards.
The new lawsuit against Liu Qiangdong, the billionaire founder and CEO of Chinese e-commerce giant JD, and his compan
y filed by a University of Minnesota student might further shake investors’ confidence, and tarnish the image
and reputation of the company, amid tougher competition from rivals such as Alibaba and Pinduoduo.
The Chinese student from University of Minnesota, who claimed she was raped last August by Liu, filed a c
ivil lawsuit against him in Minneapolis on Tuesday, four months after prosecutors decided not to pursue a criminal case.
prisonment, civil assault and battery, as well as sexual assault or batter
y, seeking damages in excess of $50,000, according to a report from Reuters.
The court filing said JD is “vicariously liable” for Liu’s behavior as his alleged actions happened while
he was “seemingly” at work-related activities, and the assault and battery began in the presence of two other JD employees.
“We have not yet reviewed the complaint and are not going to comment on pending litigation, but based on the Hennepin County A
ttorney’s declination to charge a case against our client and our belief in his innocence, we feel strongly that this suit
is without merit and will vigorously defend against it,” Liu’s attorney Jill Brisbois said in a written statement.
Peter Walsh, an attorney for JD, said in a statement while it was not prepared to com
ment at this time, the company would vigorously fight against these “meritless claims”.
August, and its shares have slowly crawled back since Decembe
r. Hong Tao, an analyst from GF Securities, said the tech heavyweight has faced troubles. JD’s adv
anced logistics system, which is its core strength, has been overtaken by Alibaba’s Cainiao Logistics.
JD is in the spotlight as it is reducing salaries for its delivery staff and seeing a round
of shake-ups in its management team. Its chief technology officer Zhang Chen, chief lega
l officer Long Yu, and chief public affairs officer Lan Ye, all announced their resignation within just one month.
The company said in February that it would lay off 10 percent of its senior executives above vice-president level this year.
The 7-coin set contains two gold coins and five silver coins, with a variety of shapes. Designs i
nclude traditional Chinese ornamentation, dragon, phoenix, flowers and bird. All are legal tender.
The coins are made by Shenzhen Guobao Mint, Shenyang Mint and Shanghai Mint.