"Healthy economy China" !!!!!!!!!!!! should be green all over on the ASX !!!!!!
THE Coca-Cola Company says it is planning to invest $US4 billion ($3.8 billion) in China as food brands scramble to expand in its fast-growing consumer market. The investments will take place over three years beginning in 2012 and raise Coca-Cola's total investment in China between 2009 and 2014 to $US7 billion, the company said.
Global food brands are investing heavily in China, looking to a relatively healthy economy that expanded by 9.5 per cent in the quarter ended in June to drive sales amid global uncertainty.
"China is one of our most important growth markets," said Coca-Cola chairman and CEO Muhtar Kent in a statement announcing the plans today.
Chinese retail spending in June rose by 17.7 per cent compared with a year earlier, according to the government.
