Costco is a American multinational corporation which operates a chain of membership-only warehouses, mainly in the United States. As of 2015, Costco was the second largest retailer in the world after Walmart, and as of 2016, Costco was the world’s largest retailer of choice and prime beef, organic foods, rotisserie chicken, and wine.
Costco has been criticized for its business practices, particularly its use of low-wage foreign labor to staff its warehouses. In 2016, it was reported that 85% of Costco’s workers in China were temporary employees.
These workers were employed through staffing agencies and were not given the same benefits as regular Costco employees.
While Costco does not own any stores in China, it does have a significant presence in the country. In 2016, Costco opened its first store in Beijing.
The store was very successful, and Costco plans to open more stores in China in the future.
So while Costco is not currently owned by China, it is possible that this could change in the future.
In conclusion, while Costco is not currently owned by China, it is possible that this could change in the future due to their expanding presence in the country.
