Dive Summary:

• Walmart has announced plans that it will invest almost $80 million in remodeling its stores in China, while also opening 30 more this year.
• The announcement came to ease concerns in the local Chines media that claimed rising costs in China would curb Walmart's growth.
• The company has had top slow its growth a bit, however, as they had been opening almost 60 stores a year when the economy was growing faster. 

From the article:

Prior to the announcement, a portion of the Chinese media had speculated whether Wal-Mart was about to step back from its growth targets. This came after it was revealed that the company would close a number of stores in April because of high rent and labour costs biting into its business plan.