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Chinese high-end liquor sellers take a hit
date:Aug 02, 2013
a nearly 90 percent drop in profits.
Sichuan Tuopaishede Group said because of the government's austerity campaign and the restrictions on the sale of alcoholic drinks within the military, sales of its high-end products have fallen significantly, as has its net profit, which is expected to be down about 80 percent for the first half of the year.

Another top liquor brand, Wuliangye Group, launched mid-range products priced between 200 and 500 yuan this month. The group is seeking a flattened dis

12/21 15:10