China Resources Snow Breweries (Snow), the nation's largest brewery by annual output, said it has made an offer to buy Shandong-based Amber Breweries (Amber) for 285 million yuan.

Friends of Nature (FON), the oldest environmental NGO in China, recently urged the government to keep a close environmental eye on projects springing from the 4 trillion yuan stimulus package.

The government's revenue fell 11.4 percent from a year earlier in the first two months, as the economic downturn hurt corporate profits and recent tax cuts took effect.

Chinese citizens are now more willing to spend rather than save, according to a first-quarter survey by the country's central bank.

Exports dropped 25.7 percent year-on-year to $64.9 billion in February, the largest fall in more than a decade and the fourth monthly decline in a row. Imports fell 24.1 percent to $60.05 billion.