China has rejected a $2.4 billion bid by Coca-Cola for China's top juice maker, Huiyuan Juice <1886.HK>, China News Service reported on Wednesday, citing the Ministry of Commerce.

Bankers and investors had eagerly anticipated the ministry's ruling as a litmus test of China's attitudes toward overseas investment in the wake of last year's promulgation of a tough anti-monopoly law.

(Reporting by Michael Wei; Writing by Alan Wheatley; Editing by Ken Wills)