German retail giant Metro Group have opened a new store in the Chaoyang district of Beijing, the chain's first new Asian store opening this year, International Supermarket News reported.
Metro China's president Tino Zeiske said China will be the group's largest and most important developing market in 2010, and the company will continue to invest there.
In Metro's 2009 financial report, their international business dropped by 5.5 per cent, but in Asia business was up 4.7 per cent.
It has been reported that Metro will buy Yn8bn (US$1.17bn) worth of goods from China, and these products will be sold in their outlets throughout the globe.
Meanwhile, the latest official figures show that Metro Group has displaced UK chain Tesco as the world's third largest retailer. US giant Wal-Mart has retained top spot, with French group Carrefour in second place.
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