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Gap plans to shut a 5th of its namesake stores in the U.S. by the end of 2013 while opening 45 Gap stores in China by the end of 2012.
Go where the profits are. Nothing wrong with that. Maybe we can start selling cheap American-made products to the wealthy Chinese.
Chinese are not that wealthy. Though, they
like to buy luxury goods. It would take long time for that to happen.
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