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• The Associated Press reports that Tesco “plans to expand its presence in China by opening new stores in the eastern coast provinces of Shandong and Fujian next year. In addition, the world’s third biggest retailer plans to open more stores in the northeastern province of Liaoning, where it already has 11 stores.

This is a strategy with considerable upside – Shandong has a population of 94 million people, Fujian has 34 million residents, and Liaoning is home to 42 million people.

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