Mao’s $300 Red Army Liquor Suffers Before China Congress

Kong Guoqing hasn’t seen a quieter Chinese New Year in the 12 years his family has been running their small liquor and tobacco shop in downtown Shanghai. They didn’t sell a single bottle of the high-end spirit made by Kweichow Moutai Co. (600519) that has become synonymous with banquets and gift-…

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Mao’s $300 Red Army Liquor Suffers Before China Congress

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