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Nestle to Spend $16 Million on China Coffee Center

Nestle SA, the world’s largest food company, said it will spend at least 100 million yuan ($16 million) on a coffee center in China as it seeks to boost consumption of the beverage in the world’s most populous nation.

The coffee industry has room to grow on the mainland because consumption is lower than other parts of the region, Heiko Schipper, managing director of Nestle’s Greater China food and beverage division, said in an interview in Shanghai yesterday.