Business

Chinese Liquor Brands Look Beyond Banquets

A sober year for China's biggest spirits maker Moutai. The drinks company is looking at its slowest profit growth ever. Moutai makes luxury fiery liquor, baijiu—it's a staple at drunken banquets. But with the Xi Jinping government cracking down on luxury consumption, Communist Party cadres aren't drinking up as they used to.

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