Sinomania!: Coca-Cola: Remember Maytag and UNOCAL?

March 18, 2009

Coca-Cola: Remember Maytag and UNOCAL?

Coca-Cola became the latest business to find its acquistion plans roiled by nationalism. For all the critics of today's decision by the Chinese Ministry of Commerce to thwart the muli-billion dollar proposed acquistion of China Huiyuan Juice by Coca-Cola, I say remember Maytag and UNOCAL?

Back in 2005 and 2006 the US Congress stopped the potentially lucrative - to its shareholders - sales of Maytag to Haier and UNOCAL to CNOOC. And both Democratic and Republican members of Congress continue to prevent Chinese companies from buying their American peers such as in the auto industry. It is 'tit for tat' time in USA-China trade once again...

Labels: foreign investment, free trade

# posted by Sinomania! : 3/18/2009 02:24:00 PM

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About Me

Name: Sinomania!

Location: San Diego, California, United States

Ben Calmes writes, produces, and hosts a weekly broadcast on China, Chinese stock markets, and business matters, at the sinomania.com website. He has traveled alone extensively throughout eleven provinces, municipalities, and special administrative regions in China. His views on China have been sought by Moody's Investors Service, the World Economic Forum, the New York Times, Xinhua Finance, and the Council on Foreign Relations. Ben worked in the White House in the administration of President George H.W. Bush and as a consultant to the Clinton/Gore Transition Team. He has held responsible positions at government sponsored enterprises at the federal, state, and city level as well as the US Department of the Treasury and private enterprises. Ben has a B.A. from the University of Virginia and a M.A. from USC.

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March 18, 2009

Coca-Cola: Remember Maytag and UNOCAL?

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