China Is the World's Largest Beer Producer and Consumer and Represents

question 166

Multiple Choice

China is the world's largest beer producer and consumer and represents a significant opportunity for American craft breweries. An increasing number of consumers in China-especially middle-class residents prefer imported beers due to their higher quality, flavor options, and enhanced food safety. In stores, restaurants, and bars, the price of an imported beer would be $2 to $4 per liter and vary from 100%-200% more expensive than Chinese domestic mass-produced beers. Part of the price difference is related to the ______ that are imposed on imported beers which raised the price of the product and affect trade. American craft breweries must realize that China is simply attempting to protect its local beer market at the expense of foreign firms competing in China.

• A) import tariff
• B) quotas
• C) embargoes
• D) exchange controls

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