Wal-Mart China Stores Inflated Profit With Accounting, Internal Study Shows

Wal-Mart China Stores Inflated Profit With Accounting, Internal Study Shows
Signage for Wal-Mart Stores Inc. is displayed at one of the company's stores in the Luohu district of Shenzhen, China, on Tuesday, Dec. 17, 2013. Foreign direct investment climbed 2.4 percent last month from a year earlier, the Ministry of Commerce said. Photographer: Brent Lewin/Bloomberg via Getty Images
Signage for Wal-Mart Stores Inc. is displayed at one of the company's stores in the Luohu district of Shenzhen, China, on Tuesday, Dec. 17, 2013. Foreign direct investment climbed 2.4 percent last month from a year earlier, the Ministry of Commerce said. Photographer: Brent Lewin/Bloomberg via Getty Images

After years of heralding China as one of its best markets, Wal-Mart (WMT) in August said its performance there was among the worst in its major countries. A management shake-up and job cuts have followed.

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