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Site Home –› News & Media –› Political News
 

China / Walmart / USA

 

This week I was watching a TV program about Wal-Mart and its spectacular operations world wide. One part was about the stores they opening in China and there was one particular sentence by a young local Chinese associate (employee) that caught me and opened a whole new way of thinking about the possible change that might occur in US/Chinese relationship.

Each Wal-Mart store could be a center for the dissemination of better understanding by the Chinese about the USA. Though not intended each stores associates would be U.S. diplomats.

In the USA Wal-Mart has been misnamed as the Chinese outlet. Look again at many hundreds of products in any of your favorite stores. Products are not only made in China, but in Malaysia, Thailand, Vietnam, Japan and a host of other Asian countries. The quality is fine. The reason they are made there is because the cost of production is so low that products can be shipped 12,000 miles to your backyard at a price you find irresistible.

Fingernail clippers or lawn mowers it doesnt make any difference. The workers in those Asian countries are producing and BUYING those products from American companies IN their own country. Every yen or yuan sold to them is profit for an American company. Wal-Mart is planning 2,000 stores in China by a company Sam Walton started in Arkansas and they still have their headquarters there.

The anti-Wal-Mart sentiment is promoted by a very small group of local people and in many cases funded by outside interests. As a kid I can remember the opposition to the A&P food stores similar to what we are seeing against Wal-Mart today. They said it would cause the local grocery stores to close. They were right. Now answer this. Do you want to shut down your Albertsons, Piggly Wiggly, Win-Dixie, A&P, etc. and go back to the corner grocery store? I dont think so.

Who has benefited most from these huge changing marketing operations? YOU, the consumer.

What was that one sentence that young Chinese said to the head of Asian Wal-Mart? Approximately: Working here gives you a better understanding of other people. This is very profound as it indicates a new thought pattern about other people, namely the U.S.

Here is a way that might change the thinking of the Chinese about America. Imagine what 2,000 Wal-Mart stores could do for international understanding and world peace. Am I too bold in this extrapolation? Maybe, but it can give the USA a chance to reach down into the basic fabric of Chinese culture to the people.

Let the diplomats deal with the higher Chinese officials and hope that some of the change of heart of the associates will seep out to their customers and then upward to the leaders.

Author: Al Thomas
 
Author Bio:

Al Thomas

Albert W. Thomas has spent most of his life in the field of finance. In 1965 he founded an insurance holding company, Security Dynamics Investment Corporation, after having been an agent and General Agent for several life insurance companies. In 1970 he became cofounder and president of Real Life Estate, Inc., that marketed a unique real estate and life insurance package.

After he became interested in commodities he bought a seat for his personal trading on the Chicago Open Board of Trade, which is now known as the MidAmerica Commodity Exchange. Later he became a full time trader and also acted as a commodity broker for a few select clients. By fellow floor traders Al is considered to be an excellent technical analyst much of which is outlined in his book IF IT DOESN'T GO UP, DON'T BUY IT! It became a best seller on Amazon.

In 1981 he sold his membership on the Exchange and with his wife, Carolyn, lived full time aboard their 41' ketch, the Aumakua (which means guardian angel in Hawaiian). They sailed in Florida and the Bahamas for two years.

He founded World Trading Group in 1984 that grew to the seventh largest introducing commodity brokerage firm in the U.S. with 35 offices from coast to coast, Alaska and Canada. It was sold in 1992.

Al is a graduate of Northwestern University with a B.S. degree in Commerce and is a member of MENSA. He is now president of Williamsburg Investment Company that syndicates his weekly financial column since 1999 to more than 300 newspapers and writes a financial market letter called Over My Shoulder that is quoted in Barron?s and many other publications. A 3-month trial subscription is available on his web site. He is a regular guest on several financial radio talk shows.

His favorite pastime is fishing.

Mr. Thomas is available for speaking engagements. Please call 321-453-5300 for more information.

 
 
 

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