Breakingviews - Carrefour beats a dignified retreat from China

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Breakingviews - Carrefour beats a dignified retreat from China
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(Reuters Breakingviews) - Carrefour is beating a dignified retreat from China. T...

FILE PHOTO: Customers look at products in the hall of a Suning Appliance shop in Beijing December 8, 2011. REUTERS/Stringer/File Photo

Carrefour, which boasts more than 200 hypermarkets in China, has been in the People’s Republic for nearly a quarter of a century. It now follows other Western retailers like Tesco in pulling back its physical mainland presence. German wholesaler Metro is also considering a sale of its China operations.

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