Expensive wines and spirits such as mao-tai, as made by China Kweichow Moutai Distillery, among others, are out of favour. Photo: Bloomberg

Curbs leave alcohol firms in low spirits

Outlook for the high-end wine and spirit sector remains gloomy as the mainland cracks down on lavish spending at official banquets

Topic |   Kweichow Moutai

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Expensive wines and spirits such as mao-tai, as made by China Kweichow Moutai Distillery, among others, are out of favour. Photo: Bloomberg
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