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• The Financial Times reports that Tesco “has vowed to quadruple annual sales in China ... during the next five years and make Asia the focus of its international growth.

“Following the grocer’s loss-making foray into the US with its Fresh & Easy chain, Tesco has turned its attention to Asia and identified China as a major growth opportunity.”

If Tesco is successful, it would mean growing its business in China to the equivalent of close to $6.4 billion (US).
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