China's Tsingtao sees 11 pct-plus rise in 08 profit

BEIJING, March 7 (Reuters) - Tsingtao Brewery Co Ltd (0168.HK: Quote, Profile, Research, Stock Buzz)(600600.SS: Quote, Profile, Research, Stock Buzz), China's best-known beer brand, expects at least 11 percent growth in its profits and revenue in 2008, the company's president said on Friday.

Jin Zhiguo told reporters on the sidelines of the National People's Congress that China's beer demand was expected to grow at least 8 percent annually in next five to 10 years. (Reporting by Niu Shuping; Writing by Alfred Cang; Editing by Edmund Klamann)