A Dow Jones news story noted that the new plant, plus Coca-Cola's decision to invest $2 billion in China in the next three years, runs counter to a recent trend that has seen global corporations reduce their investments in China due to the global recession. The company plans to put that $2 billion toward enhancements of its infrastructure, sales, and marketing operations in China.
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Coca-Cola Opens $90M Technology Center In China
Fulfilling the vision of China as "the future growth engine of the company's business," the global soft-drink icon has opened a $90M innovation and technology facility in Shanghai that will employ 600 people -- three times the number forecast by the company 18 months ago.