High-end liquor sellers take a hit
By Wang Zhuoqiong | China Daily | Updated: 2013-08-01 08:00
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The revenue of Kweichow Moutai Co Ltd for the first six months of 2013 was 17.9 billion yuan ($2.9 billion), up 0.6 percent year-on-year. Geng Guoqing / For China Daily |
Kweichow Moutai Co Ltd - China's top liquor producer - has seen nearly flat growth in revenue in the first half of the year, hit by the government's campaign to crack down on lavish spending using public funds.
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