Erik Autor Market Quotations

Larger U.S. retailers have recognized for a number of years that the domestic market is mature. In order to grow sales, they have to look outside of the U.S.. China, however, is a big emerging opportunity.

China is expected to eliminate some key restrictions by January of 2005. Earlier, companies with a market cap of under $2 billion could operate in China only with a local joint-venture partner. This will no longer be valid.