PepsiCo plans to invest US$2.5bn in its food and beverage businesses in China over the next three years. This investment is in addition to a $1bn investment pledged in 2008, which will be completed this year. The money will be spent on new manufacturing facilities, the company's research and development operations, expanded agricultural development and brand building.
 
PepsiCo plans to open 10-12 plants in China to manufacture soft drinks, non-carbonated beverages and snacks and will install...