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Updated: 2009-03-23 07:42
(China Daily)

The construction of a bridge connecting Hong Kong, Macao and Zhuhai will help the less-developed western part of the Pearl River Delta (PRD) area thrive. Page 5

Wal-Mart senior executive Barry Friedman is confident the giant US retailer will ride out the economic storm and continue its growth in China. The company, which has expanded massively since entering the market in 1996, now has to face battles on two fronts. Page 7

Huggies' Texas-based parent company Kimberley-Clark is growing strongly in China thanks to the increasing purchasing power of well-off young couples. Kimberly-Clark posted 52 percent year-on-year sales growth in China in 2008. Page 9

Coca-Cola's plan to acquire China Huiyuan Juice Group Ltd for $2.4 billion was rejected by the Ministry of Commerce last week, citing the country's anti-monopoly law. The acquisition by Coca-Cola, announced last September, would have been the largest ever buyout of a Chinese company by a foreign rival.

Infant bath products made by the Johnson & Johnson were withdrawn by the Shanghai-based NGS Supermarket Group from its 3,500 supermarkets and convenience stores in East China, after these were alleged to contain carcinogens last week.

(China Daily 03/23/2009 page1)

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