Wal-Mart increases its hold on China

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: is in the driving seat and can easily drive its manufacturer supplier out of business at the drop of a hat if it cannot compete on cost and quality with thousands of global manufacturers dying to be on the supplier list of the largest retailer in the world called Wal-Mart. It deliberately keeps its vendor list short so that it can have more control over its operations and cost structure. It is estimated that Wal-Mart may have 60% of the world’s largest factories churning out products which would be sold on Wal-Mart’s shelves. While partnering each other through this economic juggernaut, both have also been target of backlashes on the question of cost of growth and practices employed to reach this end state. However, China derives a third of its GDP from exports, a bulk of which goes to the US. China has witnessed the fastest growth by a developing country since 1980s. It has contributed more to global GDP growth in 2007 than the US.