Wine, liquor sales start flowing again

The Chinese wine and liquor industry finally has something to celebrate after going through a revenue drought for more than a year.

A report released by UBS Investment Research, part of the Swiss banking group, showed that the liquor sector bounced back in the last quarter of 2014 and the first three months of this year. The steady rise came after six quarters of poor results.

Income increased by 1.7 percent in the last three months of 2014 compared to the same period in 2013, the report highlighted. In the first quarter of this year, income jumped 9.6 percent year-on-year. Net profit growth was 2.8 percent and 5.6 percent respectively.