Wal Mart bullish on "extraordinarily competitive" China-CEO

Thu Jun 16, 2016 12:02pm EDT
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CAPE TOWN, June 16 (Reuters) - Wal-Mart is excited about the opportunities in China, although competition is tough, chief executive Doug McMillon said on Thursday.

"China is a tremendous opportunity and I am very excited about China, bullish on China, but it's extraordinarily competitive, very creative competitors involved, so it's going to be tough," he told a conference. (Reporting by Wendell Roelf; editing by Adrian Croft)