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Chinese Consumer is not going to bail us out...

|Includes: Wal-Mart Stores, Inc. (WMT)

A couple of weeks back the Chinese stimulus was creating a buying frenzy in the stock market. An article in FT on Wal-Mart's recent results highlights the drop Wal-Mart saw in Chinese sales. Here is the article and the last line that shows the drop in consumer spending from the article:

"In China, Wal-Mart reported a 1.8 per cent fall in sales at its around 140 Wal-Mart stores, and a 5.8 per cent decline at the 103 Trust-Mart stores where it holds a 35 per cent share."