Moutai helps clean up 'Spirits River'

Spirits giant Kweichow Moutai Co Ltd will provide 500 million yuan ($81 million) over the next 10 years to protect a major watershed, the company said.

At a conference jointly held by the Guizhou provincial government and Kweichow Moutai earlier this month, the two parties announced a joint plan for the Chishui River, a water source that is considered vital to the company's development.

Under the agreement, the company will provide 50 million yuan for the project annually, with the government allocating also 50 million yuan annually.