Kweichow Moutai Co Ltd has struggled under a Central Military Commission decision to ban luxury dinners.
Leading Chinese white-spirits maker Kweichow Moutai said its products did not contain excessive levels of plasticizer and conformed to national standards.
Chinese liquor maker Jiugui Liquor Co suspended its packaging lines on Tuesday after being hit by a plasticizer scandal.
While China's high-end liquor makers are enjoying intoxicating profits, they face a frustrated stock market partly due to government vows to control official spending on banquets.
China's high-end liquor makers are enjoying intoxicating profits, but facing a frustrated market partly due to vows to control spending on banquets.
Kweichow Moutai Group, China's leading high-end liquor maker, has started promoting sales via prepaid cards, designed for Moutai's General Xi product series.
A township government in South China's Guangdong province has broken from tradition by serving home brewed rice wine at government banquets.
The net profits of Kweichow Moutai Co surged 106.05 percent year-on-year to reach 3.42 billion yuan ($543.41 million) in the third quarter of 2012.
Authorities are cracking down on the manufacture and sale of counterfeit tegong liquor, a type of high-priced alcohol traditionally supplied exclusively to government organizations and other privileged groups.
Kweichow Moutai Co, China's largest maker of baijiu liquor, posted the biggest gain in almost two years in Shanghai trading after saying it plans to raise prices.
Fine liquor has become a rising star in China's investment market.
Liquor stocks in the A-share market plummeted by 2.18 percent on Tuesday, a day after China’s State Council announced further belt-tightening efforts in “the three official consumptions” at the Fifth Conference Against Corruption, Beijing News reported Wednesday.
To drink, or not to drink Moutai, that is the question.
A Shanghai legislator has proposed to prohibit Moutai, arguably China's most renowned liquor, from being served at government dinners.
Chinese hard liquor Moutai is vying for a place on the world's luxury product list. The Moutai Group is reportedly in discussion with the World Luxury Association for its application.
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