The city of Harbin in northern China is widely known for it's freeze-your-snowballs-off temperatures and it's annual ice festival. Domestically, the city is also known for it's beer. Sadly, some wiseguy decided to combine the two to create a ginormous ice sculpture with nothing more than copious amounts of frozen beer. Such a waste...
And yes, the temperatures do get cold enough to perform a stunt like this. Supposedly the mercury dropped to -34 degrees celcius (that's -29 degrees fahrenheit!) on the day that this sculpture was created. So the beer would indeed freeze almost instantaneously after it was poured from the bottle.
Judging from the prominent shots of the Harbin Beer logos in the video, I'd guess that this is an attempt at viral video marketing. That said, Harbin during the ice festival is a pretty neat city to visit. Check out Boston.com for some amazing pictures of Harbin's frosty festivities.
Harbin Ice Festival, Boston.com