A Run For The Money

International business needs a gateway to Greater China. Hong Kong and Shanghai are involved in a battle to win the designation

B.C. Lo, an employee of the Coca-Cola Co. for the past 14 years, sometimes feels a bit like a man adrift on a shrinking piece of pack ice. As corporate-affairs director for Coke's Chinese operations, he has been busy lately helping the company move its local headquarters from Hong Kong to the mainland powerhouse of Shanghai. Now that the move is complete, he and six other staff members are all that are left of a former complement of 140 people. In Shanghai, by contrast, Coke's staff will have jumped to a 1 million-sq.-ft., seven-story building on the Huangpu River in the...

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