国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Industries

Chinese liquor prices rise ahead of holiday

(Xinhua) Updated: 2012-09-05 17:40

GUIYANG -- China's top liquor brand has increased the prices of its beverages ahead of a major public holiday, raising concerns about a possible industry-wide price hike.

Kweichow Maotai Group, based in southwest China's Guizhou Province, on Tuesday said it will raise the price of Maotai liquor by 20 to 30 percent starting from September.

After the price hike, Maotai's popular 53-percent liquor is likely to cost up to 1,800 yuan ($283) for a one-liter bottle, market analysts said.

Peng Hong, secretary of the Guangdong provincial alcohol industry association, said winter is usually the peak season for liquor sales.

The price hike by Maotai is likely to spread to other top brands, making high-quality liquor even more unaffordable for ordinary wage earners.

China will celebrate its Mid-Autumn Festival and National Holiday from September 30 to October 7. Liquor is an important part of the holiday banquets most families hold during the holidays.

Peng said many wholesalers have complained that liquor sales declined by 10 to 20 percent in the first half due to narrow profit margins. Competition in the sector might push small liquor brands out of the market and bring prices back to reasonable levels, he said.

Hot Topics

Editor's Picks
...
芦溪县| 芦溪县| 察哈| 长宁县| 河源市| 额尔古纳市| 随州市| 和顺县| 昌宁县| 南京市| 曲麻莱县| 漯河市| 房产| 莱西市| 白银市| 广德县| 东兴市| 板桥市| 新沂市| 永州市| 平利县| 平谷区| 滨海县| 赤壁市| 子长县| 晋州市| 庆安县| 古田县| 宁乡县| 屯昌县| 长顺县| 共和县| 连山| 河间市| 舒兰市| 安阳县| 南澳县| 贵州省| 丹寨县| 会东县| 息烽县|