They have won a respite from China, but face growing pressures in America
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First terrified officials went off the lash; now young people are going dry
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”
With any luck, the stand-off might focus politicians’ minds
From fast food to video games, new marques are making their mark
It is a leading producer of caviar, foie gras and truffles
