Wal-Mart to Open 115 New Stores in China

Wal-Mart Stores Inc. plans to expand its footprint in China by nearly a third by opening 115 new stores by 2017, the firm's chief executive said, in a renewed push to lure China's grocery shoppers despite slowing growth. "Our aim is to become an integral part of China's economy," Chief Executive Doug McMillon said at a news conference in Beijing on Wednesday. Wal-Mart's new push in China comes as global supermarket firms seek ways to tackle slowing growth in the world's second-biggest economy.