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In December 2006, The Home Depot announced its acquisition of the Chinese home improvement retailer The Home Way. The acquisition gave The Home Depot an immediate presence in China, with 12 stores in six cities. In April 2011, Home Depot shut its last Beijing store, the fifth Home Depot to close in China in the previous two years.
Private. GOME Electrical Appliances Holding Limited (国美电器 in Chinese) ( SEHK : 493) changed its name to GOME Retail Holdings Ltd.. It is one of the largest privately owned electrical appliance retailers in mainland China and Hong Kong. It was founded by Wong Kwong Yu (Huang Guangyu), a Chinese businessman, in Beijing in 1987.
An empty corridor in the mostly vacant New South China Mall. The 2005 Chinese property bubble was a real estate bubble in residential and commercial real estate in China. The New York Times reported that the bubble started to deflate in 2011, while observing increased complaints that members of the middle-class were unable to afford homes in large cities.
Looks like China's economic slowdown has claimed another victim. Atlanta-based Home Depot Inc. (NYSE: HD) said today that it will close its remaining seven big-box stores in the People's Republic.
Chongqing is the largest of the four direct-controlled municipalities of the People's Republic of China. The municipality is divided into 38 subdivisions (3 were abolished in 1997, and Wansheng and Shuangqiao districts were abolished in October 2011 [74] ), consisting of 26 districts, 8 counties, and 4 autonomous counties.
The Home Depot: Home improvement 132,110 9.7%: Atlanta United States: 6 The Kroger Company: Supermarket 131,620 2.0%: Cincinnati United States: 7 Walgreens Boots Alliance: Drug store/Pharmacy 117,705 0.3%: Deerfield United States: 8 Aldi: Discount store 117,047 ... Essen and Mülheim Germany: 9 JD.com: Non-store 94,423 6.6%: Beijing China: 10 ...
The Great Hall of the People is a state building located at the western edge of Tiananmen Square in Xicheng, Beijing. It is used for legislative and ceremonial activities by the government of the People's Republic of China and the ruling Chinese Communist Party. The People's Great Hall functions as the meeting place for the full sessions of the ...
The Beijing Subway network was originally conceived to have only one loop line. The booming economy and explosive population growth of Beijing put huge demand on Line 2, surpassing its designed capacity. In 2001 and 2002, the China Academy of Urban Planning and Design proposed two "L-shaped" lines named Line 10 and 11. Together they would form ...