Tag Archives: Moutai

• China’s baijiu, drink of generals, pushed to bargain bin

China’s baijiu, drink of generals, pushed to bargain bin

Nearly three-quarters of a century after it was hailed for helping China’s Red Army survive the tortuous Long March, fiery grain liquor baijiu has fallen down the ranks, hit by a crackdown on luxury spending that has clouded its prospects. For decades, famed baijiu makers Kweichow Moutai Co Ltd and Wuliangye Yibin Co Ltd enjoyed […]