Rise of yuan slows down procurement?

Wal-Mart expects a steady $9 billion procurement in 2008 despites the rise of yuan and a series of high profile recalls. Vice president Michael Duke said that “There could be certain categories of products that may be decreasing from China, but there are other categories of products that are increasing from China.”  

Product safety has been the focus and became the priority for Wal-Mart as well as other retailers, such as Toys “R” Us Inc. Companies will tighten product standards and ”help both the government and our suppliers to produce safe, quality products.”