Coca Cola Chairman and CEO Muhtar Kent announced on Thursday in Shanghai that the beverage giant is planning to invest over 4 billion US dollars in the Chinese market, to ensure the company's sustainable growth.

Kent said Coke has enjoyed double-digit growth rates in the world's number two economy, and he's excited about its potential. The investment will be mainly used to add new bottling factories, expand some existing facilities, and support R&D.

Coca Cola says China accounts for 7 percent of its global sales by volume. Last year, soft drink rival, Pepsi, earmarked a 2.5-billion-dollar program over 3 years.