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Coke Plans To Spend $4 Billion In China Over 3 Years

Coca-Cola chairman/CEO Muhtar Kent on Thursday said the soft-drink giant plans $4 billion in new spending in China over the next three years, the latest big investment commitment by a multinational food group targeting the world's No. 2 economy.

Kent said the investment would be used to add bottling factories, expand some existing facilities and fund initiatives in distribution, marketing and the development of new cold drinks. "It's our third-largest global market, growing at double-digits," he said.

Not on Coke's China agenda, however: acquisitions.

Read the whole story at Wall Street Journal »

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