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Xinhua: Foreign Countries Cannot Force China to Drink Coke

After Coca-Cola’s acquisition of Hui Yuan failed the antitrust review by the Chinese Ministry of Commerce, the news quickly gained media attention. The failed acquisition triggered a range comments.

Many Foreign media cited trade protectionism as the cause. Because the case sets the precedent for Chinese Antitrust Law governing a foreign acquisition, Chinese researchers indicated that the reported reactions reflected a worry about future foreign acquisitions. The Wall Street Journal insisted this was a warning to foreign investors.

Foreign media also brought up the potential negative effect on Chinese investments overseas. Chinese experts dismissed this view as they believed the ruling was merely based on protecting healthy competition as they stated that there was no bias against international corporations.

Source: Xinhua News/International Herald Leader, March 23, 2009