Date
18 August 2017

Downtrend in liquor industry to continue, Xinhua says

A downtrend in domestic liquor consumption will continue in the next three to five years, the official Xinhua news agency reported Monday, citing Liu Yuan, deputy chairman of the China National Association for Liquor and Spirits Circulation. The industry is struggling with serious overcapacity and the situation will improve once inefficient production is eliminated, Liu was quoted as saying.

– Contact HKEJ at [email protected]

MY/AC/RA

 

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