1. If you didn’t already know, there are Wal-marts in China:
Wal-Mart is not just the world’s largest retailer. It’s the world’s largest company, bigger than ExxonMobil, General Motors, and General Electric. The scale can be hard to absorb. Wal-Mart sold $244.5 billion worth of goods last year. U.S. companies have been moving jobs offshore for decades, long before Wal-Mart was a retailing power. But there is no question that the chain is helping accelerate the loss of American jobs to low-wage countries such as China. China is the ultimate prize. The Chinese grocery market, already the world’s largest at $1.1 trillion a year. Wal-Mart has learned over the years from its missteps, discovering that it needs to adapt to local ways and that patience pays off.