China: Consumer Nationalism Hits Nongfu Springs, Despite State Warnings

The shares of China's top consumer bottled water seller Nongfu Springs dropped 5.4% (losing $3.45 billion in value) on the Hong Kong Stock Exchange between Feb. 29 and March 11, while the company's sales of bottled water and tea beverages dropped 31.7% and 22.6%, respectively, from Feb. 20 to March 7, Caixin reported on March 12....