日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Industries

China's drinks sector suffers New Year hangover

By Shi Jing (China Daily) Updated: 2015-02-02 08:04

China's drinks sector suffers New Year hangover

A visitor inspects liquor products at a recent wine and spirits trade fair in Wuhan, capital of Hubei province. Apart from Moutai, which saw 2 percent growth in its market value, all the shortlisted baijiu brands witnessed a significant decline in their market value in 2014. [Photo provided to China Daily]

Baijiu industry takes greatest hit from crackdown on extravagance

Although 2015 has so far started on a relatively positive note for China's drinks industry with a slight increase in stock prices, the nation's baijiu sector remains sluggish.

Gao Jianwei, a Shanghai-based retailer of the Chinese liquor, says 2014 was a really tough year as it took him more than eight months to sell six cases of Moutai, China's national liquor.

To make ends meet, Gao says he started to sell other beverages such as soft drinks in 2014 and he has no plans to stock Moutai this year.

"It is hard to tell how this year will turn out for the baijiu industry. Even though Spring Festival is around the corner and demand may rise a little, it is too early to tell if the entire industry will pick up this year. It is much safer to sell something which has a consistent market demand," he says.

In the Most Valuable Chinese Brands List 2014 released by Hurun Report, a total of 16 wine and Chinese liquor brands were shortlisted, accounting for 5 percent of all the brands included in the list, down 2 percentage points year-on-year.

Even though baijiu brands still accounted for the majority of all the shortlisted wine and spirits brands, three brands were eliminated from the list in 2014 due to the stagnancy of the entire baijiu industry due to the central government's crackdown on extravagance.

Sluggish market

Apart from Moutai, which saw 2 percent growth in its market value, all the shortlisted baijiu brands witnessed a significant decline in their market value in 2014. Fenjiu Group's market value dipped to the greatest extent-42 percent to 3.4 billion yuan ($547 million), while JNC Group Co Ltd dropped 39 percent to 2.2 billion yuan.

International brands in China were also affected last year. SABMiller Plc, the world's second-largest brewer, reported an unexpected drop in its third quarter beer volume, with the company seeing a 9 percent slump in China, one of its biggest markets.

Wine retailers' sales also took a hit in 2014 from the crackdown on extravagance. Tian Yu, general manager of Shanghai-based wine merchant Euro Shop, says that retailers targeting government consumption may have seen their sales drop by as much as 80 percent in 2014. But she says that the silver lining on the wine market's cloud is that ordinary consumers are still willing to shell out on wine, especially in the run-up to holidays such as the upcoming Spring Festival.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日韩精品久久久久 | 天天干免费视频 | 精品专区 | 亚洲欧美日韩高清 | 91偷拍精品一区二区三区 | 日本大片久久久高清免费看 | 日韩在线视频观看 | 中文字幕二区 | 欧美日韩一区,二区,三区,久久精品 | 天天天天天天操 | 国产精品毛片无码 | 欧美在线观看视频 | 日本xxww视频免费 | 国产精品久久久久久久久久久久 | 欧美精品h在线播放 | 亚洲一二三区精品 | 欧美wwww| 人人搞人人干 | 国产精品吹潮在线观看中文 | 国产精品www视频免费看 | 91电影| 久草综合在线视频 | 久久久久成人精品亚洲国产 | 国产日韩一区二区三免费高清 | 91精品一区二区三区久久久久久 | 欧美精品一区二区三区在线播放 | 日本在线观看视频网站 | 欧美成人全部费免网站 | 99re6热只有精品免费观看 | 免费的黄网站男人的天堂 | 一区二区三区在线 | 成人免费视频观看视频 | 在线色 | 一级毛片aaa片免费观看 | 91高清视频在线 | 精品国产一区二区三区性色av | 三级黄色毛片视频 | 欧美三级 欧美一级 | 亚洲香蕉在线视频 | 日本中文字幕电影 | 激情网站免费观看 |