Wal-Mart opens in Shanghai

economy - Only 100,000 people show up

I would have been there if I had been in Shanghai. When you know that Shanghai has 20 million inhabitant fighting to get anything cheaper, a turnout of only 100,000 can only be called disappointing. For the fighting crowds it has been a disappointing experience, as Shanghaiist points out:

Ms Xu just came out of Hua Lian Supermarket near Wal-Mart. She says, "I planned to buy my son a piece of pizza at Wal-Mart, but their price was 8.90 Renminbi. Hua Lian sells the same pizza for 7.80 Rmb - and their cucumber is cheaper too."

The US price fighter has been defeated by domestic competition on its first day.