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American retail1 giant Wal-Mart is even closer to setting up a chain of supermarkets across India in partnership2 with Indian mobile phone company Bharti Enterprises, and many people in India are not happy about it. Bharti chairman Sunil Mittal told reporters that they were very close to finalizing3 the deal, and that there were "zero" regulatory hurdles4. Small shopkeepers and India's communist party protested a tour of Indian stores by Wal-Mart executives, burning an effigy5 dummy6 of the company and waving signs that said "Save Small Retailers7" and "No FDI in Retail". FDI stands for "Foreign Direct Investment"; according to a representative of the India FDI Watch coalition8, "We believe Wal-Mart is going to ruin this country and millions of people will lose their jobs".
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1 retail | |
v./n.零售;adv.以零售价格 | |
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2 partnership | |
n.合作关系,伙伴关系 | |
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3 finalizing | |
vt.完成(finalize的现在分词形式) | |
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4 hurdles | |
n.障碍( hurdle的名词复数 );跳栏;(供人或马跳跃的)栏架;跨栏赛 | |
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5 effigy | |
n.肖像 | |
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6 dummy | |
n.假的东西;(哄婴儿的)橡皮奶头 | |
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7 retailers | |
零售商,零售店( retailer的名词复数 ) | |
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8 coalition | |
n.结合体,同盟,结合,联合 | |
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