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Coca-Cola on a rosy perch in China as sales soar


http://en.youth.cn   2009-07-23 10:04:00

Workers promoting Coca-Cola soft drink at a supermarket in Beijing. The company's strong sales in China helped offset the slowdown in global growth.

 

Coca-Cola, the world's largest soft drink maker, registered double-digit sales growth in China market during the second quarter, the company's 23rd quarterly double-digit growth in a row here, helping offset the slowdown in its home turf of the United States.

Company executives said the growth has been buoyed by the nation's stimulus package, and Coca-Cola would continue to implement its investment plan for China, its third largest market worldwide next to the US and Mexico, as previously promised, to cash in on opportunities in the world's rapidly growing market.

For the second quarter Coca-Cola China posted a sales growth of 14 percent compared with a negative growth of 4 percent globally - mainly due to lower sales in US and some European markets where consumers are cutting their daily expenditure budgets.

 
source : China Daily     editor:: Kevin
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