Following the acquisition, AB InBev opened a new brewery in Wuhan, China in February 2018 to produce beer for its leading craft beer brands - Goose Island, Boxing Cat and Kaiba - the latter two of which are Chinese. Beer consumption in China is projected to reach 38.3bn litres in total in 2019, dwarfing the market size of developed markets like the US and Germany where beer consumption will reach 21.9bn and 8.0bn litres respectively in the same period. Softening Pressure To Deleverage After an extended period of record-low interest rates in market around the world, the recent return in economic tightening would have amplified the need for Ab InBev to reduce its debt load and adopt its current divestment strategy. We acknowledge, however, that the recent dovish shift by the US Federal Reserve will have somewhat eased this pressure to deleverage in the company's boardroom.