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China To Drown Hard Landing Sorrows In Beer

Tyler Durden's picture





 

Whether it is US companies' reporting or Chinese data confirming, times are getting tougher for the world's engine of growth. So, like every well-balanced western nation, instead of turning to meditation and exercise, beer appears the chosen method of stress-relief for the Chinese. As Bloomberg Briefs notes, three of the top six brands of beer in the world are Chinese with the great nation consuming 50 billion liters per year - more than double the US 24 billion. Do not worry though, USA is still #1 at 74 liters per capita per year relative to China's 37 liters. It would seem the start of their recession is perfect timing for them to make a run at increasing that average yearly intake. Already this year, Chinese domestic beer production is up 2% YoY and imports are up 100% - perhaps the only 'rising' data point the nation has seen; and maybe the next great anti-growth indicator.

 

Snow almost doubles the world market share of Bud Light...

 

Source: Bloomberg Briefs

 


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Wed, 10/10/2012 - 08:36 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Ghost beer....tastes great......less filling.

 

Wed, 10/10/2012 - 08:45 | Link to Comment Badabing
Badabing's picture

Berry up to the bar boy.

Wed, 10/10/2012 - 08:46 | Link to Comment jekyll island
jekyll island's picture

I only drink for two reasons:  to forget my problems or to make other people look better.  What's wrong with that?

Wed, 10/10/2012 - 08:52 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I don't drink for any reason.......I just do it cause I can.

 

I drink alone with nobody else......why kill a good buzz?

http://www.youtube.com/watch?v=7L3SPpciPnA

 

Wed, 10/10/2012 - 11:18 | Link to Comment A Nanny Moose
A Nanny Moose's picture

I will drink to this. /raise glass

Wed, 10/10/2012 - 11:38 | Link to Comment Nobody For President
Nobody For President's picture

Everyone has to believe in something.

I believe I'll have another drink.

Wed, 10/10/2012 - 11:49 | Link to Comment larz
larz's picture

bewwy up to bah boi - corrected for you badabing

Wed, 10/10/2012 - 08:45 | Link to Comment bigdumbnugly
bigdumbnugly's picture

this is just the warm up.

think what jack daniels and jimmy beam could do with this info.

 

Wed, 10/10/2012 - 10:15 | Link to Comment Tijuana Donkey Show
Tijuana Donkey Show's picture

They are investing quite a bit in south america. Maybe a mexican cartel/chinese triad merger? The mexanise triel? This could be huge, get the CIA on the phone.

Wed, 10/10/2012 - 08:36 | Link to Comment machineh
machineh's picture

'All your suds are belong to us!'

Wed, 10/10/2012 - 08:51 | Link to Comment JPM Hater001
JPM Hater001's picture

We're number 1! We're number 1!

Yea ME!

Wed, 10/10/2012 - 08:38 | Link to Comment LongSoupLine
LongSoupLine's picture

well, well, well...we have something in common after all.

 

(ok, other than corrupt govts.)

Wed, 10/10/2012 - 09:37 | Link to Comment DeadFred
DeadFred's picture

The dreaded BBB (beer belly bubble) is not far behind.

Wed, 10/10/2012 - 11:20 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Ben Bubblicious Bernanke.

Wed, 10/10/2012 - 08:37 | Link to Comment falak pema
falak pema's picture

Middle kingdom : tomorrow's land of the Obese?

King Croesus of commodities becomes Mr Creosote of Beer fest?

Where is the Monty Python on that one? !!

Wed, 10/10/2012 - 08:55 | Link to Comment LULZBank
Wed, 10/10/2012 - 10:35 | Link to Comment NoTTD
NoTTD's picture

"Went to school there. Parents live there! Have many fine memories of Cornwall."

Wed, 10/10/2012 - 08:39 | Link to Comment a growing concern
a growing concern's picture

37 riters!  Prease...

Wed, 10/10/2012 - 08:42 | Link to Comment darteaus
darteaus's picture

WE'RE #1!!

Seriously: Dud Light?  C'mon people!

Wed, 10/10/2012 - 08:59 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Yes.....you're number one.....now shut up and drink.

 

Wed, 10/10/2012 - 09:02 | Link to Comment CloseToTheEdge
CloseToTheEdge's picture

ya got that right!!

 

brewers nationally pay $3.6 billion annually in federal excise taxes, or about $18 per barrel

 

45% dud tax

 

 

Wed, 10/10/2012 - 10:02 | Link to Comment Debt-Is-Not-Money
Debt-Is-Not-Money's picture

The Chinese eat lot's of rice, now they get to drink it too!

Wed, 10/10/2012 - 10:26 | Link to Comment The Final Countdown
The Final Countdown's picture

As always, your worst options end up on top. It's a fact of life.

Wed, 10/10/2012 - 08:42 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

While watching football this weekend every beer commercial I saw had people clinking bottles together.

So.......out in the real world, who actually clinks their beer bottles together? Let's have a show of hands please. :)

<And are there AA meetings in China?>

Wed, 10/10/2012 - 08:47 | Link to Comment LongSoupLine
LongSoupLine's picture

<And are there AA meetings in China?>

 

yes...they're held in the opium dens.

Wed, 10/10/2012 - 08:50 | Link to Comment LawsofPhysics
LawsofPhysics's picture

I'd argue that opium is probably less destructive than alcohol.  Hey, if you are going to replace one vice for another, why not.

Wed, 10/10/2012 - 08:57 | Link to Comment Lebensphilosoph
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At least opium gave us Coleridge and Baudelaire.

Wed, 10/10/2012 - 11:47 | Link to Comment Nobody For President
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My experience, and that of some of my friends back in the day, was that opium can become a lot more destructive than alcohol because it can become more 'necessary' a lot quicker. It can start to get real hard to get to sleep without a puff (or two) after just a week or so of regular use. Not that beer or any other booze can't be destructive as hell, at least with opium nobody got into any fights.

Name yer poison, gents.

Wed, 10/10/2012 - 08:50 | Link to Comment Jason T
Jason T's picture

There were very few bars in Shanghai outside of kareoke bars or hotels.. but you could drink beer in the street 

 

Wed, 10/10/2012 - 11:39 | Link to Comment TGR
TGR's picture

Sounds Iike you were in Shanghai for all of one day to come up with that erroneous observation.

The place is crawling with bars: tongren lu, hengshan lu, Xikang Lu, julu Lu, maoming Lu, the bund, Chang yi Lu, xiantindi...just a handful of bar street areas, separate from the numerous isolated local bars.

Wed, 10/10/2012 - 09:08 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

.

<And are there AA meetings in China?>

Yes, AnAnonymous meetings are a big part of Chinese citizenism.

yes...they're held in the opium dens.

Ah, ah, typical US of A 'american' citizenism term for Peoples Liberation Opium Parlours.

Wed, 10/10/2012 - 08:48 | Link to Comment jekyll island
jekyll island's picture

Not only that, how about all them realistic beer bodies we see on TV?  Damn, I wish beer could make me look like that.  

Wed, 10/10/2012 - 08:55 | Link to Comment bigdumbnugly
bigdumbnugly's picture

you're missing the point, jek.    all those beers just make it seem women  have those kinds of bodies.   the more you drink the more irrisistable they are

Wed, 10/10/2012 - 08:57 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Thankfully it worked both ways when I was a younger man. Otherwise I might never have procreated. :)

<There is no truth to the rumor that mom had to tie a pork chop round my neck to get the neighborhood girls to play with me.>

Wed, 10/10/2012 - 09:06 | Link to Comment bigdumbnugly
bigdumbnugly's picture

never thought of the benefits in reverse like that.  woulda been a lot easier...

i just resorted to the ancient tried and true drag em by the hair back to the cave method.

it's not that i necessarily preferred women with long hair - but for the sake of expediency...

Wed, 10/10/2012 - 10:12 | Link to Comment Wakanda
Wakanda's picture

My mom used a carrot, hoping to be suggestive.

Wed, 10/10/2012 - 09:09 | Link to Comment kridkrid
kridkrid's picture

Yes... They are all young, beautiful and happy. Reality... Fat people who get winded if they have to walk up a flight of stairs, who always smell like stale smoke and who are, on average, fairly unhappy, minus the hour or so of time between being too sober to be interesting and too drunk to be able to keep it together.

Wed, 10/10/2012 - 10:31 | Link to Comment NoTTD
NoTTD's picture

Buzzkiller.

Wed, 10/10/2012 - 10:32 | Link to Comment NoTTD
NoTTD's picture

I've had some "clinked" over my heaed... 

Wed, 10/10/2012 - 11:23 | Link to Comment A Nanny Moose
A Nanny Moose's picture

AA? Are the Chinese a bunch of quitters?

Wed, 10/10/2012 - 08:43 | Link to Comment azzhatter
azzhatter's picture

Qindao

Wed, 10/10/2012 - 08:47 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

Local beer tastes better.

No, I don't have an academic study proving the point.

I'll believe my own lying taste buds and nose.

Wed, 10/10/2012 - 08:49 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Well mine certainly does BR.  Now to make some brandy with the rotten peaches left over from this year's harvest.

Wed, 10/10/2012 - 08:55 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

Two birds with one stone.  Sweet.

Wed, 10/10/2012 - 19:21 | Link to Comment mjcOH1
mjcOH1's picture

"Local beer tastes better.

No, I don't have an academic study proving the point.

I'll believe my own lying taste buds and nose."

 

The melamine gives it a nice hoppy aroma.   The lead covers up the melamine after-taste.

Wed, 10/10/2012 - 08:46 | Link to Comment Jason T
Jason T's picture

I wrecked a good deal of Tsingtao when i was in Shanghai.. 3.0 RMB for a premium bottle (less than 50 cents)  Go US$!

 

Wed, 10/10/2012 - 08:54 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Attaboy Amigo! Tsingtao.....you could do worse.....and quite often I have.

 

Wed, 10/10/2012 - 08:48 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Many on this blog have pointed out that drinking is the curse of the working class.  Bullish for my breweries, bring it.

I had the opportunity to provide some angel funding for a small microbrewery in 2005.  This has been the only truely smart investment/risk I ever took to date.  They had 5 years of greater than 40% YoY growth.  They are no longer a microbrew and are on target for over 20,000 barrel production this year.  Miller bought everyone out in 2010 several times over.  I don't want to know what they will make on these guys moving forward.  A link to the brewery's website is below, may be a company to watch as I know Spike and John still have control over the majority of the company shares;

http://terrapinbeer.com/

Wed, 10/10/2012 - 08:50 | Link to Comment Badabing
Badabing's picture

Ill buy a round!

1,316,562,729 bottles of beer on the wall "of China" 1,316,562,729 bottles of beer....

Wed, 10/10/2012 - 09:00 | Link to Comment Peter Pan
Peter Pan's picture

.

Wed, 10/10/2012 - 10:29 | Link to Comment NoTTD
NoTTD's picture

Comment of the day!

Wed, 10/10/2012 - 09:00 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

The Pubs are empty in Ireland.

That says it all for the power of the Euro.....

People prefer to spend 25,000 Euro on a new diesel car rather then go to the pub with their mates.

Its such as sad little country now.

That is the true power of monetary units - it can change the entire society.

I have watched this car crash since at least 1987 and its awesome.

Ireland is no longer Ireland.

Its a mere conduit for global capital flows.

A little fucking toy for these bastards.

Wed, 10/10/2012 - 09:03 | Link to Comment spanish inquisition
spanish inquisition's picture

To Alcohol! The cause of... and solution to... all of life's problems (0:07)

http://www.youtube.com/watch?v=hUVwR0rw5fk

Wed, 10/10/2012 - 10:28 | Link to Comment NoTTD
NoTTD's picture

Well, I didn't expect that.  No one ever does.

Wed, 10/10/2012 - 09:25 | Link to Comment The big unzip
The big unzip's picture

If only there was magic liquid to help us forget oir problems.  Then life would be great!

Wed, 10/10/2012 - 09:26 | Link to Comment Agent P
Agent P's picture

Look at those brands...just goes to show that with enough advertising, you can get a large part of the population to drink horse piss.

Wed, 10/10/2012 - 09:28 | Link to Comment toomanyfakecons...
toomanyfakeconservatives's picture

Burp!

Wed, 10/10/2012 - 09:35 | Link to Comment ziggy59
ziggy59's picture

I Wonder what the price increase of grains will do to consumption globally.

Wed, 10/10/2012 - 09:36 | Link to Comment irie1029
irie1029's picture

Baijiu!!!!

Wed, 10/10/2012 - 10:16 | Link to Comment onebir
onebir's picture

Hong xing bai jiu, paint-stripper for the people!

Wed, 10/10/2012 - 09:43 | Link to Comment kito
kito's picture

certainly one of the benefits of a centralized system crash will be the flourishing of local micro-brews...........how anyone can drink those multinational bottles of piss-brew is beyond me...................... 

Wed, 10/10/2012 - 10:03 | Link to Comment rsnoble
rsnoble's picture

I'm tired of having to drink more than my fair share(well no not really) in order to boost the US per capita figures so I don't look so bad. Help me out and have a beer damn it!!!! As usual, the sheeple just look the other way and won't come together for a common cause.

Wed, 10/10/2012 - 10:11 | Link to Comment valkir
valkir's picture

I dont call Bud light exactly a beer.

Wed, 10/10/2012 - 10:16 | Link to Comment Wakanda
Wakanda's picture

It comes pre-digested.

Wed, 10/10/2012 - 10:55 | Link to Comment waterwitch
waterwitch's picture

It is illegal to sell Bud in Germany as beer. Adjuncts don't cut it.

Wed, 10/10/2012 - 10:15 | Link to Comment onebir
onebir's picture

If 1.3bn people drown their sorrows in Chinese beer, my money is on the sorrows...

Wed, 10/10/2012 - 10:16 | Link to Comment Wakanda
Wakanda's picture
"China To Drown Hard Landing Sorrows In Beer" or just "China To Drown In Beer"?

There are worse ways to go.

Wed, 10/10/2012 - 10:26 | Link to Comment NoTTD
NoTTD's picture

Give the Chinese another generation or two then, when they're as fat as us, that per capita thing will skyrocket. 

Wed, 10/10/2012 - 11:52 | Link to Comment dirtbagger
dirtbagger's picture

Actually its the US that has the catching up to do.  We drink about 1/2 the beer of Germans, Austrians, and the Irish.  Bartender - Make that a double.

Wed, 10/10/2012 - 13:12 | Link to Comment Intoxicologist
Intoxicologist's picture

Coming right up!

"Beer never solved anyone's problems; but then again, neither did milk."

Wed, 10/10/2012 - 12:32 | Link to Comment falak pema
falak pema's picture

On a more serious note :

Kissinger on China :

 

http://www.washingtonpost.com/world/national-security/kissinger-offers-w... new generation, Kissinger said, faces a “transformation over the next 10 years” of moving “400 million people from the countryside into the cities.” This will involve not just technical infrastructure problems but a change of values and also a change in the role of the Communist party, he said.

Kissinger said he had spoken to Xi Jinping, the expected next Chinese president, and believes he will seek such enormous internal changes that “it’s unlikely that in 10 years the next generation will come into office with exactly the same institutions that exist today.

“This is one reason why I do not believe that great foreign adventures or confrontations with the United States can be on their agenda,” Kissinger said. But because Xi faces the need to make difficult domestic changes, he may be more assertive in responding to foreign critics, he added.

“What we must not demand or expect is that they will follow the mechanisms with which we are more familiar. It will be a Chinese version . . . and it will not be achieved without some domestic difficulties.”

Kissinger offers wise words on China - The Washington Post

What this does not say is  : ...if this is not the best moment, the next few years, for the US to declare WW3 on China! (I am obviously expressing the views of the neo-cons to whom Dear Henry has been affiliated, although he never was a total hawk; more a velvet glove/iron hand man), and I'm sure a lot of people in the MIC think that way.

 

Wed, 10/10/2012 - 12:55 | Link to Comment squexx
squexx's picture

Beer is the solution to all of life's problems, and the cause of many of them. 

-Homer Simpson

Wed, 10/10/2012 - 13:31 | Link to Comment Intoxicologist
Intoxicologist's picture

Just sittin round drinkin with the rest of the guys

Six rounds bought, and I bought five.

Spent the groceries and half the rent

Like fourteen dollars and 27 cents....

Dang Me

Dung Me?

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