- CNTV English - CCTV News

Wal-Mart in dispute in China over alleged unpaid rent

11-02-2011 16:21 BJT

DALIAN, Nov. 2 (Xinhua) -- U.S. retail giant Wal-Mart has entered the media spotlight again in China -- this time over a store rent dispute.

The Wanguo Shopping Plaza Co. in the northeastern coastal city of Dalian said Wal-Mart has not paid rent since mid-2002 when a building with a floor area of 16,508 square meters was transferred to the retailer for use.

The company said the two parties signed a 15-year lease at a rate of over 10 million yuan (1.6 million U.S. dollars) a year.

The Wal-Mart subsidiary in Dalian had applied to terminate the contract in 2003 and 2005 on allegations including delayed construction, illegal delivery, a lack of housing ownership certificate and unfinished projects.

The China International Economic and Trade Arbitration Commission, however, rejected its contract termination demands in 2005 and 2008.

The retailer never opened a store at the building due to the allegations, and, instead, opted to open a new store at another location in Dalian and started construction at that location in June 2010.

The arbitral rulings, like final court verdicts, are law-abiding and, therefore, the lease contract is still in effect, said Yu Zhou, a judge at the Municipal Intermediate People's Court in Dalian.` The court is pushing for the dispute to be settled in accordance with relevant laws after Wal-Mart failed to abide by the arbitral rulings over the past few years, according to the judge.

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program