Baijiu Makers Benefit from Rising Middle Class, Reform in Sector
(Beijing) — Chinese liquor makers are seeing sales rebound after three years of declines amid a government crackdown on graft, thanks to a rising middle class and reform within the sector.
Before reporting revenue for 2016, the front-runner in terms of market value in the baijiu sector, Kweichow Moutai Co., forecast a 17% year-on-year gain for the first quarter of 2017.
- 1China’s Moon Explorer Posts Photo of Sprouting Cotton Plant
- 2Huawei Canada Exec Quits as Scandal Continues to Embroil Company
- 3Luckin Coffee Reportedly Seeks IPO in Hong Kong
- 4Bank of China to Test Waters for Perpetual Bonds
- 5Apple Chief Counsel Accuses Qualcomm of Holding Phone-Makers for ‘Ransom’
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas