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Drinks sector suffers New Year hangover

By Shi Jing in Shanghai | China Daily | Updated: 2015-02-02 07:12

Baijiu industry takes greatest hit from crackdown on extravagance

Although 2015 has so far started on a relatively positive note for China's drinks industry with a slight increase in stock prices, the nation's baijiu sector remains sluggish.

Gao Jianwei, a Shanghai-based retailer of the Chinese liquor, says 2014 was a really tough year as it took him more than eight months to sell six cases of Moutai, China's national liquor.

Drinks sector suffers New Year hangover

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