Wal-Mart China To Increase Food Safety Spending To $48 Million
The world’s biggest retailer, Wal-Mart Stores Inc, said on Tuesday that it will increase its spending on food safety in China to 300 million yuan ($48.32 million) in 2013, 2014 and 2015, up from a previously-announced 100 million yuan in the same period. The company said it will also increase DNA testing on meat products and supplier inspections, and test more of its stores with its two mobile safety labs. ($1 = 6.2090 Chinese yuan)
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