Coca-Cola and Huiyuan: Explanation, theory, an attempt to rationalise?

Since the Ministry of Commerce (Mofcom) announced its decision to block the acquisition of Huiyuan Juice Group by The Coca-Cola Company, the verdict has been subject to tremendous criticism from trade lawyers and economists worldwide. Some have argued that China appears willing to wield its Anti-monopoly Law (中华人民共和国反垄断法) (AML) to fend off foreign attempts at buying promising domestic firms (although Huiyuan was incorporated in the Cayman Islands), even when the resulting market concentration would not be excessive.