Fierce competition in China's soft drinks industry forced producers of the country's top 10 brands, which includes Coca-Cola and Pepsi to drop their prices by between 2-12% last year. However the market remains buoyant and on top of annual growth rates of an average 23% between 1980-1999, production of soft drinks in China in 2000 rose by 25.7% to 14.91m tons.