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But Beijing was plainly taking into account considerations other than market share. Huiyuan is a high-profile national brand, and its sale to Coke had become a hobbyhorse for nationalists who often dominate popular Internet chat rooms in China. Zhu Xingli, founder and CEO of Huiyuan, famously said that he...

Author: /time Magazine | Title: China Says 'Keep Out' to Coca-Cola | 3/18/2009 | See Source »

China's new antitrust law contains provisions allowing the government to protect national brands. And it's true that Beijing is hardly the first government to kill a foreign acquisition for political reasons, even in defense of less-than-strategic industries. The French rescued yogurt company Danone from the clutches...

Author: /time Magazine | Title: China Says 'Keep Out' to Coca-Cola | 3/18/2009 | See Source »

That perceived disingenuousness may come back to bite Beijing, in two ways. "If they're seen as just inventing reasons to prevent big Chinese companies from being acquired, that's going to have a chilling effect on foreign investment," says a senior Hong Kong investment banker. It will also hurt...

Author: /time Magazine | Title: China Says 'Keep Out' to Coca-Cola | 3/18/2009 | See Source »

It's a reasonable question, and now it becomes even more pointed: Why should Chinese state-owned companies be permitted to go on a buying spree abroad, when a foreign company - indeed, perhaps the world's most famous foreign company - can't even buy a fruit-juice maker in China...

Author: /time Magazine | Title: China Says 'Keep Out' to Coca-Cola | 3/18/2009 | See Source »

Internet controls were loosened in advance of last year's Beijing Olympics, and many western journalists saw scant sign of the Golden Shield, as the Internet was kept largely unfettered during the games. Restrictions have tightened again, however, especially since December, when democracy supporters used the Internet to circulate the...

Author: /time Magazine | Title: Chinese Internet Censorship | 3/18/2009 | See Source »

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