The price of Chinese high-end liquor has dropped sharply, or even halved, this year, due to the government's reining in of lavish spending as part of its anti-corruption drive.

Baijiu, particularly the most expensive kinds, has traditionally been sought after for official banquets and as gifts, but that has changed.

Premier Li Keqiang vowed in March to reduce government departments' spending on receptions, vehicles and overseas trips.