Date
23 September 2017

China Railway Erju to launch new baiju, paper says

China Railway Erju Co. Ltd. (600528.CN) and Wuliangye Yibin Co. Ltd. (000858.CN) have agreed to launch a new baiju product this month, National Business Daily reported Friday. The new baiju will be priced at 100 yuan (US$16.30) and 300 yuan per bottle. The domestic baiju market has been hard hit by a government crackdown on official receptions and banquets, creating an opening for new players, the report said.

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