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CHINA: China Resources Beer Group is third largest brewer

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China Resources Beer Group is now the country's third-largest beer producer after spending three billion yuan ($362m) buying up breweries. Stiff competition from local producers and high costs have forced many foreign brewers to pull out of China and the market is now facing some major consolidation as the country's three major brewers Tsingtao Beer, Yanjing Beer and China Resources do battle to buy up these breweries.


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