C-Cube Message Board - Msg: 2931576

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Technology Stocks : C-Cube

CUBE 36.51

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3:51 PM EST

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To: Stoctrash who wrote (26468)	12/10/1997 7:15:00 PM
From: John Rieman	Read Replies (3) of 50808

Fred, your only allowed 2 Buds, or Beck's. It doesn't matter that your not driving, it's a production limit. You can have as many Qingdao, Pearl River or Holy Spring's as you want......................................... Beer Fear Chinese officials have called for new regulations limiting the production of foreign beer in China in a bid to save domestic brewers from the growing popularity of overseas brands such as Beck's, Carlsberg and Budweiser. The Business News Daily reported that China's National Council of Light Industry (NCLI) has called for a moratorium on all new beer joint ventures and has set production limits for foreign brands. Under the proposal, joint-venture breweries would be limited to 30 percent of the PRC's total production while wholly owned foreign enterprises would be limited to 10 percent. The NCLI plan also called on the government to support local breweries such as Qingdao, Pearl River and Holy Spring with the eventual goal of increasing the breweries' market share to 40 percent by the year 2000. The brands now account for around 21 percent of beer sales in China. The NCLI's petition is now awaiting approval from the State Council.

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