It is not enough that Chinese unions set up shop at Wal-Mart Stores Inc. (NYSE:WMT) stores in the Asian country. Now the Communist Party has set up a branch [subscription required, alternate] for Wal-Mart employees.
It is hard to say what the Party's plans are for its relationship with Wal-Mart, but as state-owned businesses have reduced employee levels, the organization has found its membership falling.
Perhaps the move is benign, but if so, why would the Party bother at all.
Wal-Mart has enough problems in the US, and having the communists running around its stores in China is not exactly good news.
Douglas A. McIntyre is a partner at 24/7 Wall St.
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