Coca-Cola price hike won't affect China

14:52, June 29, 2011      

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A US price hike by soft drink giant Coca-Cola won't affect Coca-Cola prices in China, China Business News reported Tuesday.

"Our companies have comprehensive price strategies for the Chinese market, and each bottler will set a price in accordance with the local market," the newspaper reported, Coca-Cola China told the newspaper.

The Wall Street Journal reported that Coca-Cola Co will increase the price of its beverage products starting July 31 by 3 percent to 4 percent.

Instead of raising prices, some local bottlers of Coca-Cola China shrank the bottle size. Coca-Cola China's Hangzhou bottler changed its 600-milliliter packages to 500 milliliters in May, but charges the same price.

Source:China Daily
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