After President Xi Jinping drank a pint of IPA beer on his state visit to the UK, the demand in China for the Greene King’s beer has risen by 1,600%. A shipment of 50,000 will arrive to coincide with Chinese New Year. In addition to a 5.9% rise in pre-tax profits, Greene King’s shares have risen 8.5% to 925p, their highest level since a year or more.
After President Xi Jinping drank a pint of IPA beer on his state visit to the UK, the demand in China for the Greene King’s beer has risen by 1,600%. A shipment of 50,000 will arrive to coincide with Chinese New Year. In addition to a 5.9% rise in pre-tax profits, Greene King’s shares have risen 8.5% to 925p, their highest level since July 2007.