China blocks Coke's bid for juice company
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
If China has the gall to say they will not sell established companies, yet are buying everything they want, something has to change.