I'd say that their assets in China only are worth more than this. Carrefour has literally withdrawn from Thailand (they had a large and well placed fleet of sho

I'd say that their assets in China only are worth more than this. Carrefour has literally withdrawn from Thailand (they had a large and well placed fleet of shops and a good reputation) to invest everything in China. They had long been in China before that but that's just to give an idea of how seriously they take the Chinese market. Their strategy is to be fully implemented throughout the country when the middle class fully emerges. If such a middle class ever emerges, they will be terribly wealthy.