• Wed
  • Sep 24, 2014
  • Updated: 3:27am

Liquor

China's Baijiu makers eye overseas markets to increase revenues

According to data from International Wine & Spirit Research, mainlanders drank more than 11 billion litres of baijiu last year, and the spirit, distilled from sorghum, wheat or rice, accounted for more than one-third of all spirits consumed in the world.

Friday, 31 May, 2013, 4:41am

Crackdown on public drinking won't deter binge drinkers

The path taken by the government and other public institutions to control drinking-related accidents and crime takes the form of stone-walling the consumer's choice: drinking in public.

21 Mar 2013 - 2:50am

The new spirit of austerity

Kong Guoqing blames the vanished Kweichow Moutai sales on incoming president Xi Jinping's crackdown on extravagant spending by officials: Kweichow Moutai's sorghum spirit can fetch US$300 a bottle - about half the average monthly disposable income in the financial hub.

15 Apr 2013 - 2:00pm

Xi's anti-corruption campaign puts mainland liquor-makers in low spirits

Chinese Communist Party chief Xi Jinping’s call for party officials to cut down on booze-filled banquets spells the end of an era of stock outperformance by premium liquor-makers. 

4 Feb 2013 - 4:46am

New rules likely to cover industrial plasticisers in food and drinks in China

Authorities are inspecting major food manufacturers on the mainland to prepare for a new standard to govern the level of industrial plasticisers in food and beverages in an attempt to restore public confidence.

13 Dec 2012 - 4:28am

Will baijiu and casinos fall out of national favour in Xi era?

China's stock market is often described by Chinese media as a playground for gamblers. It is rife with gossip and speculation, and subject to the vagaries of Chinese politics.

10 Dec 2012 - 11:47am

Liquor firm Silver Base in the spotlight after chairman's share sales

Liang Guoxing, chairman of Silver Base Group Holdings, has left more questions than answers about the poor performance of one of the mainland's largest distributors of Chinese liquor.

7 Dec 2012 - 3:23am

Business Digest, December 3, 2012

Cooling moves take edge off home prices

3 Dec 2012 - 4:26am

Law doesn't require checks for toxic plasticisers in liquor, says drinks group

The China Alcoholic Drinks Association has hit back at critics over the revelation that high levels of a toxic chemical were found in a famous Chinese liquor brand.

21 Nov 2012 - 12:40pm

Drinks makers hit by tainted alcohol claims

All liquor drinks in China contain some levels of toxic plasticisers, China’s leading alcohol association said on Monday, after tests found quantities of plasticiser up to 260 per cent over the recommended limit in a popular brand of Chinese liquor.

A leading financial news website in China, 21cbh.com, said that Jiugui Liquor contains 260 per cent more plasticiser than the domestic industrial standard on Monday. The test was conducted by Intertek China, an international third-party quality tester.

Fan Zhen, vice-manager of Jiugui Liquor Company, told Shanghai Evening Post that the claims made by 21cbh.com are false on Tuesday.

“The national liquor inspection standards do not include plasticisers, and Jiugui Liquor does not have testing equipment,” Fan said. He also questioned the authority of Intertek China’s testing.

The China Alcoholic Drinks Association published a statement on its website as a response on Monday. It stated that all alcoholic drinks in China contain between 0.495 and 2.32 mg/kg of plasticiser. The report also said the higher-end the alcoholic drinks are, the more plasticiser they contain.

The report said plasticiser in alcoholic drinks is introduced during the transportation process when the drinks are in contact with plastic containers and packaging for long time periods of time. The longer alcoholic drinks are kept in plastic containers, the more plasticiser they contain, it said.

A ministry of health regulation passed in June last year set a safety standard of 0.3 mg/kg.

The story shook the alcoholic drinks market on Monday. Jiugui Liquor had to announce a temporary halt to stock trading while alcoholic drinks shares tumbled by 4.58 per cent at one point, 33 billion yuan (US$40 billion) worth of market shares evaporated.

20 Nov 2012 - 7:50pm

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