The company said sales in China have been affected by slower economic growth for the country as a whole and changing consumer trends, especially the shift to online shopping. The news comes on the heels of a fourth quarter that saw Wal-Mart net sales in China decline by 0.7 percent, while comparable same-store sales dipped 2.3 percent. With the new additions, the total number of outlets in China will reach nearly 530 by 2017.Ĭhina is a 'growing market' that Wal-Mart is attempting to show its commitment to with these recent moves, according to John Lawrence, a managing director with Stephens Inc, an Arkansas-based financial services firm. Over the next three years we will increase investment, build new stores, bolster our capacity for e-commerce and continue to build on strong partnerships with our Chinese suppliers.' 'China is a key strategic market for Wal-Mart. 'Our aim is to become an integral part of China's economic development,' McMillon said Wednesday at a news conference in Beijing. Plans to spend 370 million yuan ($59.7 million) remodeling nearly 50 locations and launch a mobile app linking consumers with retail outlets are also in the works for the 'near future', McMillon said. Shanghai, Shenzhen and Wuhan will be the main areas of focus for the new stores, which will increase Wal-Mart's presence in China by almost a third and create at least 30,000 jobs by 2017, according to Wal-Mart chief executive Doug McMillon.

Wal-Mart Stores Inc, the world's largest retail outlet, is looking to increase its presence in China by opening 115 new stores over the course of the next three years, the company said.

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