The NBA has signed a multi-year sponsorship agreement with China's largest brewery Tsingtao Brewery Co. that will fund sports and dance competitions related to the NBA in the country.

"Through Tsingtao's extensive retail network and presence in China, we will be bringing entertaining basketball experiences to fans," NBA Commissioner David Stern said in the statement.

Tsingtao will sponsor a nationwide search for an NBA China Dance Team, help finance basketball tours in the country and assist in an All- Star Game balloting system, the NBA said in a statement today.