Caixin OnlineBusiness & IndustryTop Stories Industry End of Baijiu Binge Means Party Is Over for Producers, Dealers
02.21.2013 17:08

End of Baijiu Binge Means Party Is Over for Producers, Dealers

A slew of setbacks in recent months has left the industry with something of a hangover
By staff reporters Qu Yunxu and Wang Chen
 
a

(Beijing) – Dizzying sales of the popular Chinese hard liquor baijiu in recent years have given way to a hangover that has been painful to producers and a headache for dealers.

Since the Communist Party's 18th National Congress last year, the central government has campaigned against corruption and lavish spending. The Politburo said in December that local governments should not arrange banquets for visiting central government officials. As a chaser, that same month the Central Military Commission said military officials should not drink alcohol when they visit subordinate units.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

Take Down

Zhou Yongkang's rise from rural China, the empire he built and the stunning decision to topple him


Issue 81
September, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Take Down
Zhou Yongkang's rise from rural China, the empire he built and the stunning decision to topple him
Issue 81
09.01.2014

Subscribe       |       Newsletter        |        FAQ