Moutai shares have has gained 35 per cent this year, as sales of high-end liquor have been recovering from a two-year slump spurred by President Xi Jinping’s austerity campaign. Photo: Bruce Yan

Is the party over for Chinese consumer stocks as foreigners bail out of Moutai and Credit Suisse turns bearish on sector

Figures suggest Moutai’s profit growth no longer supports its current valuation of 567.7b yuan – almost half the annual GDP of its home Guizhou province

Topic |   China stock market

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Moutai shares have has gained 35 per cent this year, as sales of high-end liquor have been recovering from a two-year slump spurred by President Xi Jinping’s austerity campaign. Photo: Bruce Yan
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