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March 18 (Bloomberg) -- China's rejection of Coca-Cola Co.'s $2.3 billion bid to buy China Huiyuan Juice Group Ltd. is the first denial of an acquisition under an anti-monopoly law that's been criticized since inception for a lack of openness.
The Ministry of Commerce, which said today it rejected Coca- Cola's acquisition as the deal would harm competition in the domestic beverage market, should publicly disclose how it reached that conclusion, said Guan Anping, a former Chinese trade official, who's also taught anti-monopoly law at Beijing's Capital University of Economics and Business.