Too much juice

Which matters more: the flow of capital across borders or the flow of juice to consumers’ lips? The latter looks to be the unfortunate choice China has made by blocking Coca Cola’s $2.4bn purchase of domestic juice-maker Huiyuan. Without a convincing explanation as to how the deal would hamper competition in the country’s booming beverages business, the decision looks like blatant protectionism. Shielding local companies - and perhaps the influence of the Chinese government apparatus - from th...