Ahead of the open in China, a piece from Reuters on Wal Mart and the devaluation of the yuan
Wal-Mart ... is seeking price cuts from suppliers that produce goods in China, saying the retailer should share in the savings generated by China's devaluation of the yuan, people with knowledge of the matter said.
Wal-Mart have contacted more than 10,000 suppliers in various countries, all of which have manufacturing facilities in China, seeking cost cuts of 2 percent to 6 percent
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WalMart (and others) squeezing for lower costs. Disinflation, or at least low inflation, to continue?
