Budweiser APAC, the Asian arm of the global beer giant, is facing headwinds in its largest market, China. The company’s profit dropped 15% in the first nine months of the year, driven by a 16.1% revenue decline in the third quarter. This downturn is attributed to a combination of factors, including a sluggish Chinese economy, evolving consumer preferences, and demographic shifts. Budweiser APAC’s strategy of focusing on high-end products might be encountering challenges amid cautious consumer spending.