Financial Times FT.com

Coke’s rejection is to Chinese public’s taste

By Sundeep Tucker in Hong Kong and Jamil Anderlini in Beijing

Published: March 18 2009 15:48 | Last updated: March 18 2009 15:48

Beijing’s decision to block Coca-Cola’s proposed $2.4bn takeover of China’s leading juice maker has generated an outpouring of domestic support.

In an online poll conducted by a leading website, more than 80 per cent of 120,000 respondents strongly agreed with the rejection. More than two-thirds said foreign investments in Chinese companies were generally bad and hurt national brands.

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