To enhance its competitiveness in Beijing, China's Tsingtao Beer will invest CNY600 million to build a new brewery project in Shijiazhuang, capital of Hebei province.

Hong Kong-listed China Resources Enterprise Limited has announced that it will exchange assets with its parent company, China Resources Group.

China's leading beer brewer China Resources Snow Breweries has announced plans to invest CNY650 million to set up a production base in Shanghai.

Asahi Breweries and Itochu Corporation have announced the establishment of a milk company in Shandong Province, China.

Asahi Breweries and Marubeni Corp will jointly establish a joint venture with a Chinese enterprise to manufacture and sell wines. This is the first time for the Japanese food industry giants to enter China's wine sector.