Jessica Seah finds that China’s anti-monopoly law is giving the country’s firms a distinct competitive edge
In July, Nestle announced it had agreed to pay $1.7bn (£1.08bn) to acquire a controlling interest in Chinese candy company Hsu Fu Chi International. The proposed deal would be the largest-ever acquisition in China by a foreign multinational and would help the Vevey, a Switzerland-based food giant, cement its position in the world’s most important growth market.
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