Muhtar Kent, Coke chief executive, says that its flagship product had become an “affordable staple” for Chinese consumers.
However, convincing China's policymakers to swallow its proposed takeover of the country's leading juice maker is proving a harder task.
It is nearly six months since Coke announced a planned $2.4bn acquisition of Huiyuan Juice Group, a Hong Kong-listed company which boasts a 42 per cent share of the domestic market in 100 per cent juices.
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