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Key bottler eager to expand in Southeast Asia; group touts overall profit surge. A worker loads Coca-Cola drinks from a truck in Beijing. Swire Pacific, one of the major bottlers in greater China and Southeast Asia, faces a 'challenging' business environment in mainland China. She cited the slow economic recovery from the COVID pandemic, coupled with a difficult external environment, and said the situation may not turn around this year. Consumer Swire's Coca-Cola business in China remains 'challenging' Key bottler eager to expand in Southeast Asia; group touts overall profit surge. March 14, JST. Read Next. Business deals. Latest on Consumer. Sponsored Content.

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Coca-Cola Co. Analysts say the decision could hurt efforts by Chinese companies -- both state-owned firms and private ones -- to buy companies and assets around the globe. Coca-Cola Chief Executive Muhtar Kent said the Atlanta company was disappointed but respected the decision and would continue with its existing efforts in China. Although that was largely because of the credit crisis, analysts said the latest decision on Coca-Cola could make matters worse, especially for China. Coca-Cola held The agency did not identify the cases. The ministry said it had asked Coca-Cola to make changes to its acquisition plan, which the company did. Don Lee writes economic stories out of Washington, D. Since joining the Los Angeles Times in , he has served as the Shanghai bureau chief and in various editing and reporting roles in California. Lee previously worked at the Kansas City Star. He is a native of Seoul, Korea, and graduated from the University of Chicago. David Pierson is a former foreign correspondent for the Los Angeles Times. Hollywood Inc. De Los. Times Everywhere. For Subscribers. All Sections. About Us. B2B Publishing. Hot Property. Times Events. Times Store. Special Supplements. By Don Lee and David Pierson. Share via Close extra sharing options. More to Read. Back-to-office orders have become common. Enforcement not so much. An aging relative is spending her nest egg on round-the-clock care. What happens when the money runs out? Don Lee. David Pierson. Follow Us X Instagram Facebook. More From the Los Angeles Times. Business Wall Street pulls back from its records. Discovery over Tesla Cybercab launch. Business Judge delays order in antitrust case requiring Google to open up its app store. Most Read in Business. Business Phillips 66 is closing Wilmington-area refineries after more than a century, marking the end of an era. Business Union drive at Wells Fargo heats up as employees allege intimidation tactics.

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