Chinese Liquor Brands Look Beyond Banquets

Business - Boston.com, Boston Globe: Business
Wed, 08/27/2014 - 10:34pm

A sober year for China's biggest spirits maker Moutai. The drinks company is looking at its slowest profit growth ever. Moutai makes luxury fiery liquor, baijiu - it's a staple at drunken banquets. But with the Xi Jinping government cracking down on luxury consumption, Communist Party cadres aren't drinking up as they used to.

Topics: china moutai xi jinping communist party liquor banquets luxury

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Chinese Liquor Brands Look Beyond Banquets

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