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China's Top Liquor Makers Brace For Slowdown
- Reuters , Wednesday, April 3, 2013 8 AM
China's largest makers of "baijiu" liquor will see a slowdown this year after nearly a decade of growth because of a crackdown on lavish spending. Analysts say the clampdown will force baijiu producers to offer cheaper brands and buy up less-glitzy local players to get around the government ban. Despite healthy financial results for 2012, this year will be tougher, especially for industry leader Kweichow Moutai Co. Ltd.
