Coca Cola had struck a deal to buy Huiyan Juice, China’s largest juice company, for $2.4 billion. All it was waiting for was approval from Chinese regulators.
Nope! The Chinese government denied the takeover and told Coke to go pound sand.
The reason given was that it would give Coke too big of an advantage, but the reality is that China is sending a clear message to the Obama administration that they too can play the protectionist game. Many Democratic leaders have been screaming very publicly for trade sanctions and restrictions against China.
China has responded verbally to those threats but this is a clear message to Obama. DON’T MESS WITH CHINA.
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