baijiu
People’s Daily Issues Front-Page Directive Against “Low-Profile Luxury”
The Chinese government continues its crackdown on lavish official banquets, this time with a front-page article on today's issue of People's Daily that goes after "low-key luxury." Read MoreChina’s Attack on Hedonism A Mixed Blessing for Luxury Brands
Among watchers of global luxury industries, few issues are more hotly debated today than China’s ongoing crackdown on corruption and the corresponding effects on purveyors of luxury goods. Columnist Renee… Read MoreBaijiu Brands Turn Hopeful Eye Toward Overseas Chinese
Looking to recoup domestic revenues lost to Beijing’s ongoing anti-luxury crackdown, some makers of high-end baijiu are setting their sights on tourist and expat Chinese communities abroad. Read MoreBeijing’s Frugality Campaign Hits High-End Restaurants
It's not just makers of high-priced baijiu that are taking a hit from Beijing's ongoing frugality campaign and a military ban on extravagant banquets. Read MoreWhisky Soars, Baijiu Droops In Wake Of Beijing’s Frugality Campaign
Though makers of high-end baijiu have reportedly been hit hard by Beijing's ongoing frugality campaign, sales of imported liquor continue to plow ahead as more Chinese drinkers knock one back… Read MoreBaijiu Sinks, Wine Booms In Second-Tier Wuhan
The Chinese government's ongoing crackdown on officials spending public money on high-priced liquor and banquets isn't just hitting the baijiu market in Beijing, it's causing a ripple effect throughout the… Read MoreLuxury Gift-Giving In China: Down, But Definitely Not Out
We've previously noted the changing dynamics of China's culture of gift-giving, hastened by Beijing's recent crackdown on excessive spending by government officials, but this week, a new Hurun Report survey… Read MoreGanbei! Demand For High-End Spirits Buoys Chinese Producers
Though they may privately fret about the potential effects of Beijing's current clampdown on public spending on high-end Chinese spirits at official banquets, home-grown liquor producers like Kweichow Moutai continued… Read MoreChina Becomes World’s #1 Importer Of Armagnac
Adding yet another world-ranking badge to its sash, China is now the world’s largest importer of armagnac, displacing former reigning consumer Britain after a huge surge in sales in 2011. Read MoreWill Lower Prices & Shifting Demand Hurt High-End Baijiu Brands?
The names Moutai and Wuliangye, tongue-twisters to non-Mandarin speakers, are known throughout their native country to even the most sober of Chinese. Read More