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A worker looks on as she goes through a quality control process at the Tsingtao beer factory in Qingdao, Shandong province, China.   © Reuters
Economy

Chinese beer sales ride party congress wave

For Tsingtao and other brewers, the good times could be short-lived

DAISUKE HARASHIMA, Nikkei staff writer | China

DALIAN, China -- After a prolonged sales slump, China's beer industry is showing signs of recovery, with three big brewers posting growth in sales and profits for the first half of 2017 on a year-on-year basis.

The long-awaited recovery comes on the back of an economic pickup driven by increased public investment, especially on infrastructure, ahead of the Chinese Communist Party's quinquennial national congress. If the government takes its foot off the gas after the party gathering, which is likely, the beer recovery could be short-lived.

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