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.
