A recent report by The Economist has brought into question the ownership of the world’s largest retailer, Costco. The article claims that Costco may be owned by the Chinese government.
The report cites several reasons for this claim, including the fact that Costco’s CEO, Craig Jelinek, has close ties to the Chinese government. Jelinek has served on the board of directors of the China-U.S. Exchange Foundation, a non-profit organization that promotes closer ties between the two countries.
In addition, The Economist report claims that Costco has been expanding rapidly in China, and that its Chinese subsidiary is now one of its largest markets. Costco has also been opening warehouses in strategic locations near Chinese military bases.
All of these factors have led The Economist to speculate that Costco may be part of a Chinese government plan to gain a foothold in the world economy. However, there is no concrete evidence to support this claim.
Costco has not commented on the report, and it remains unclear if the company is actually owned by the Chinese government.
