China said on Wednesday that it has rejected a bid by the Coca-Cola Company to acquire one of the country's biggest beverage makers for about $2.4 billion. The move blocked what would have been the biggest foreign takeover of a Chinese company and suggested Beijing is still uncomfortable with foreign ownership of big Chinese companies. Full Story »
Posted by Derek Hawkins
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The story does not not Coke's less than stellar human rights history internationally, particularly in Colombia in particular. Chinese anti-competitive rationales are not investigated for validity. The nature of China's anti-trust laws is not described. The potential for political money to have influenced the decision is not investigated.
This is a so-so. Is it good journalism. so-so. Is it well written. so-so. What can you say about a report that Chinese politicians quote.How about Coca-Cola businessmen. so-so.
If China has the gall to say they will not sell established companies, yet are buying everything they want, something has to change.
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