China rejected Coca-Cola's $2.5 billion bid to buy a major Chinese fruit juice maker Wednesday in a closely watched case that stirred nationalist opposition to the sale of a successful homegrown brand to foreigners.
Go to Article from The Associated Press via The New York Times»
Coca-Cola's friendly $2.5 billion bid to buy China's biggest juice maker is emerging as a test of whether Beijing will allow foreign companies to buy homegrown businesses -- or force entrepreneurs to serve its vision of creating national economic champions, according to The Associated Press.
home-grown Show phonetics
adjective
1 from your own garden:
home-grown vegetables
2 If someone or something is home-grown, they belong to or were developed in your own country:
She's a home-grown talent.
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