High-end liquor becoming costlier
By Ding Qingfen and Bao Chang | China Daily | Updated: 2009-12-08 08:00
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A salesman in a Beijing-based liquor shop is putting bottles of Moutai on a shelf. China's urbanization is helping the consumption of liquor, especially the high-end variety, to grow fast. Wang Jing |
China's leading liquor maker Kweichou Moutai said yesterday it will raise its average product price by 13 percent from Jan 1, a move expected to spark a wave of price hikes in China's high-end liquor industry.
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