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While major food companies look to China for growth, the government in China looks set to play a...

While major food companies look to China for growth, the government in China looks set to play a little defense. State-owned China Foods says it will buy wineries in the U.S. and Australia to help the nation compete on the wine front. The bigger issue: Will China stand pat on the coffee front while Nestle (NSRGY.PK) and Starbucks (SBUX) invade its turf?
Comments (1)
  • pearls before swine
    , contributor
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    That's putting the cart before the horse. The first question to answer is whether or not Chinese consumers will take to coffee in any significant way. Then the second is whether it's perceived as a food or a foreign luxury good (like say, McDonald's or KFC), and then finally whether or not state-sponsored competition can compete.
    2 Apr 2013, 12:37 PM Reply Like
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