China loses its allure
The building of the first Coke bottling plant in China since the Communist revolution, was part of a series of changes that turned the country into one of the biggest and fastest-growing markets in the world. In some ways, China’s market is still the world’s most enticing, with companies like GM and Apple having made fat profits there. But for many foreign companies, things are getting harder, as China’s government has always made life difficult for firms in some sectors. Now, competition is heating up as China loses its allure, with some companies pulling out altogether.
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