China’s Moutai liquor bubble deflates alongside property slump

DALIAN, China — China's top shelf price baijiu The liquor produced by Kweichow Moutai has fallen more than 20% in the past few months, indicating economic hardship among the wealthy.

A 500-milliliter bottle of Moutai's signature Feitian baijiu retailed at 2,320 yuan ($329) Wednesday, down from over 3,000 yuan in February, liquor price platform Jinri Jiujia showed.

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