China better place to do business than US, says Coke chief

Coca-Cola now sees the US as a less friendly business environment than China, its chief executive has revealed, citing political gridlock and an antiquated tax structure as reasons its home market has become less competitive. “It’s like a well managed company, China,” Muhtar Kent, Coke’s chief executive, told the Financial Times. “You have a one-stop shop in terms of the Chinese foreign investment agency and local governments are fighting for investment with each other.”

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