Financial Times FT.com

Coca-Cola in new China push

By Patti Waldmeir in Shanghai

Published: March 7 2009 02:00 | Last updated: March 7 2009 02:00

Coca-Cola will invest $2bn in China over the next three years and expects to maintain double-digit growth in that market, Muhtar Kent, chief executive, said yesterday in an interview.

News of fresh spending by Coke in China - which has recently become the drinks maker's third largest market, behind the US and Mexico - comes as debate grows over whether Beijing is spending enough to stimulate domestic consumption and ward off a precipitous slowdown in the Chinese economy.

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