Tsingtao Profit Falls as China Slowdown Hurts Beer-Drinking

  • Company’s earnings drop 11 percent, hampered by bad weather
  • Tsingtao says competition for beer market in China “fierce”

Tsingtao Brewery Co., China’s second-largest beermaker by market value, reported earnings fell 11 percent in the six months ended June as poor weather and the country’s economic slowdown affected sales.

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