China Hickup for Wal-Mart and Best Buy?

Excerpt from our One Page Annotated Wall Street Journal Summary (receive it by email every morning by signing up here):

Chinese Rules Could Tie Up Foreign Retailers

• Summary: China's cabinet, its State Council, is drafting new rules that would require retailers planning to build outlets larger than 10,000 square meters to submit their plans to a public hearing, and for cities to file detailed blueprints of commercial plans for review. The new rules could increase costs for non-Chinese retailers planning to expand in China, and increase the time it takes them to build new stores. Public hearings have been held in some cities since 2003, and none has resulted in projects being rejected. Last year China scrapped rules requiring foreign retailers to form joint ventures with local partners.
• Comment on related stocks/ETFs: Two companies with US-traded stocks are mentioned in the article as having potential exposure: Wal-Mart (WMT), which plans to add another 18 stores to the 60 it already operates there, and Best Buy (BBY).