www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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: 狠狠澡夜夜澡人人爽 | 欧美成人免费全网站大片 | 香港激情黄三级在线视频 | 欧美日韩在线播一区二区三区 | 久久99国产精品久久欧美 | 亚洲欧美日韩中文字幕在线 | 狠狠se | 亚洲精品视 | 久久精品久久精品久久精品 | 国产欧美精品一区二区三区四区 | 碰碰碰人人澡人人爱摸 | 中文字幕一区二区在线视频 | 中文字幕一区二区三区有限公司 | 国产成人精品一区二区三在线观看 | 丰满老熟女毛片 | 国产成人免费网站在线观看 | 日本三级成人午夜视频网 | 欧美一级视频在线高清观看 | 女在床上被男的插爽叫视频 | 九九爱精品 | 中文字幕亚洲精品日韩精品 | 国产日韩欧美一区 | 毛片大片 | 在线看片一区 | 99久久一区二区精品 | 亚洲最黄网站 | 免费黄网大全 | 4438全国最大成人网视频 | 国产午夜不卡在线观看视频666 | 亚洲人成一区二区三区 | 中日韩欧美一级毛片 | 亚洲自拍在线观看 | 午夜欧美精品久久久久久久久 | 欧美日韩视频一区二区三区 | 高清毛片一区二区三区 | 国产在线精品一区免费香蕉 | 国产精品久久久久久免费 | 免费一级欧美大片久久网 | 精品一区二区三区的国产在线观看 | 欧美精品一区二区三区免费观看 | 在线国产观看 |