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Major Japanese supermarket operator Ito-Yokado will open its first full-scale food supermarket in China.
Ito-Yokado and Beijing Wangfujing Department Store will each take a 40-percent of the 12 million-dollar stake.
Japanese supermarket operator York-Benimaru will share the remaining 20 percent.
The new firm will be set up in September and open its first outlet in Beijing in early 2005.
(CRI March 15, 2004)
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