Investors looking for more evidence of Coca-Cola’s continuing expansion in China might have been taken aback by the company’s fourth-quarter results, released on Wednesday.
Instead of the double-digit volume sales growth that the company has set as a target in China – now its third-largest market after the US and Mexico – sales for 2010 rose just 6 per cent, and actually fell 3 per cent in the fourth quarter against the same period last year.
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