"They have to show the world they are doing something," said Jean Luc Chereau, Carrefour's president in China, referring to the government's tougher regulatory hand.
said, it won't inhibit the company's expansion, insisting that Carrefour
had built good will with the central government, most recently by heeding Beijing's call to go west and invest in places like Urumqi. Chereau
wouldn't specify what he'd been promised in return, but hinted at licenses to open in large coastal areas.
"I played the game," he