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China has around 300 independent breweries. About 70 have joined the CBAC.
China has been encouraging mergers and reorganizations among the State sector and plans to reduce the number of central SOEs to under 100 as part of the ongoing reforms to improve efficiency of the companies.
China cut its benchmark lending rate on Thursday to spur production and mitigate impact of the novel coronavirus outbreak on some fragile sectors, even as experts suggested that stronger and cheaper credit supply will help reverse an economic slowdown.
China has been witnessing massive overcapacity in its iron and steel sector and has vowed to reduce capacity. It plans to eliminate 100 million tons to 150 million tons of crude steel capacity in the five years from 2016. In 2017 alone, the country slashed its crude steel production capacity by more than 50 million tons, exceeding its annual target, as part of efforts to improve the competitiveness of the bloated sector.
China has factored in environmental concerns while maintaining economic growth, by transitioning from the use of coal to other cleaner energy such as liquid natural gas.
来源：资阳报