PepsiCo Is “Bullish” On Chinese Market

PepsiCo’s CEO told a Bloomberg Television interviewer that the company sees “enormous potential” for growth in China for packaged food and beverages. Indra Nooyi said the recent economic slowdown hasn’t put the brakes on PepsiCo’s sales in China. Sales growth has increased from the high single-digit percentage rate to low double-digit rate, an indication that the company is gaining market share from leading competitor Coca-Cola. It won’t be long before China becomes the world’s beverage market, Nooyi said.