BEIJING AP - Foreign companies face rising economic nationalism in China and are watching Coca-Cola's bid for a Chinese juice producer to see whether regulators are swayed by politics, a European business group said Tuesday.Coca-Cola Co.'s $2.5 billion offer last week for China Huiyuan Juice Group Ltd. has sparked criticism in China over the sale of a leading brand to foreigners.
September 09, 2008 at 12:00 AM
1 minute read
BEIJING AP – Foreign companies face rising economic nationalism in China and are watching Coca-Cola’s bid for a Chinese juice producer to see whether regulators are swayed by politics, a European business group said Tuesday.
Coca-Cola Co.’s $2.5 billion offer last week for China Huiyuan Juice Group Ltd. has sparked criticism in China over the sale of a leading brand to foreigners. State media say the bid must undergo a review under a one-month-old Chinese anti-monopoly law.
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