Sober Day Dawns for China's Baijiu Distillers
Distillers of China’s most popular spirits, baijiu, are sobering up to a business slowdown and tight financing after a decade of outstanding growth.Sales are off and company market values have fallen over the past year, prompting some investors to cash in their bets on minor and big-name distillers alike.Industry leaders such as Tuopai Shede Wine Co., Kweichow Moutai Co. Ltd.,
Source: chinafile.com