Apr. 10, 2015, 10:15 AM
- Beer consumption in China fell in 2014 for the first time since 1998, according to data from the National Bureau of Statistics in China.
- Volume dropped 1.8% Y/Y to 49.39M kiloliters.
- The drop is partially attributable to a drop in lavish spending and grift from politicians as well as a younger generation not as prone to binge drink as their parents.
- Kirin Holdings (OTCPK:KNBWY, OTC:KNBWF), China Resources Snow Breweries (SABMiller (OTCPK:SBMRY) J/V), Tsingtao Brewery (OTCPK:TSGTY, OTCPK:TSGTF), Carlsberg (OTCPK:CABGY, OTCPK:CABJF), and Anheuser-Busch InBev (NYSE:BUD) are the beer heavyweights in China.
Apr. 8, 2011, 4:20 PM
Unwilling to slow inflation by letting real interest rates rise into positive territory, China resorts to price controls and other diktats. The latest: bringing in representatives from the 4 largest breweries to grill them about recent price hikes, the NDRC chillingly concluding recent liquor price gains are inappropriate.| Apr. 8, 2011, 4:20 PM | 2 Comments