CHINA: Coca-Cola and Pepsi dominant in soft drinks market
By Sarah Diston | 11 May 2001
Fierce competition in China's soft drinks industry forced producers of the country's top 10 brands, which includes Coca-Cola and Pepsi to drop their prices by between 2-12% last year. However the market remains buoyant and on top of annual growth rates of an average 23% between 1980-1999, production of soft drinks in China in 2000 rose by 25.7% to 14.91m tons.
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Fierce competition in China's soft drinks industry forced producers of the country's top 10 brands, which includes Coca-Cola and Pepsi to drop their prices by between 2-12% last year. However the market remains buoyant and on top of annual growth rates of an average 23% between 1980-1999, production of soft drinks in China in 2000 rose by 25.7% to 14.91m tons.
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