Liquor industry faces challenges in wake of scandal, ban
By Huang Tiantian | China Daily | Updated: 2013-02-08 07:47
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An aisle of Chinese liquor at a supermarket in Xuchang, Henan province. Prices of Chinese liquor have dropped as demand from government departments dries up before Spring Festival. Geng Guoqing / For China Daily |
Liquor companies' share prices and sales have slumped sharply before the Lunar New Year, pressured by a plasticizer contamination scandal and a ban on government and military banquets that serve alcohol.
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