HONG KONG -- Kweichow Moutai, the leading distiller of Chinese baijiu liquor, reported solid first-half results that sent its share price higher on Friday, although a look across the industry suggests the frontrunner's improving fortunes do not necessarily signal a recovery in the country's consumption.
Food & Beverage
Moutai bucks China liquor slump with strong results
Maker of CCP's favorite tipple regains market cap lead as baijiu rivals struggle
Bottles of Kweichow Moutai liquor are displayed at a direct sales store in Beijing in November 2020. The popular spirit brand's share prices saw a bump on Friday after posting strong first-half numbers. © Reuters
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