China issues orange alert amid severe cold snap: Temperatures to drop significantly in South

China issues orange alert amid severe cold snap: Temperatures to drop significantly in South

China’s National Meteorological Centre (NMC) has once again issued an orange alert, the second-highest level in the country’s three-tier weather warning system, as southern regions, including the capital city of Beijing, brace for a significant drop in temperatures. This renewed warning comes as the south faces an expected decrease in average daily temperatures or minimum […]

China Resources Beer to buy over 55% stake in Guizhou Jinsha Winery for $1.6bn

China Resources Beer to buy over 55% stake in Guizhou Jinsha Winery for $1.6bn

China Resources Beer (Holdings) Company has agreed to acquire a stake of 55.19% in Guizhou Jinsha Jiaojiu Winery Industry Co., for a total consideration of $1.68 billion. The transaction is expected to allow China Resources Beer to expand its baijiu business in the country. Based in Guizhou, China, Guizhou Jinsha Winery has acquired a high-quality […]