First terrified officials went off the lash; now young people are going dry
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Our weekly podcast on China. This week, why the country’s alcohol business is getting hammered
The baijiu business is the latest to be struck by “involution”
They have won a respite from China, but face growing pressures in America
Prices of Moutai’s baijiu hit decade low and revenues notch slowest growth since 2016 as consumers pull back
It’s too soon to declare the death of drinking
Guidelines restricting spending by officials are trimming profits for one of China’s strongest brands – but there’s little the…
