RENEE MONTAGNE, host: Today's business news starts with Wal-Mart's latest move in China.</s>RENEE MONTAGNE, host: Wal-Mart is vying to be the largest operator of mega-supermarkets in China. The world's largest retailer plans to pay about a billion dollars for control of a Chinese chain called Trust-Mart. The move would more than double the number of stores Wal-Mart already has in China, which is now 73. It could also put Wal-Mart ahead of its main rival in China, French retailer Carrefour. Analysts say Wal-Mart's expanding overseas because U.S. sales are slowing.
Wal-Mart is vying to be the largest operator of mega-supermarkets in China. A $1 billion deal could give Wal-Mart control of a Chinese chain called Trust-Mart. Wal-Mart is battling French retailer Carrefour for dominance in China.