BUSINESS China's major alcohol enterprises report mixed performance in Jan-May

BUSINESS

China's major alcohol enterprises report mixed performance in Jan-May

China Daily

12:49, June 25, 2022

Workers oversee baijiu bottling at China Kweichow Moutai Distillery Co's plant in Guizhou province. [Photo/Agencies]

BEIJING -- China's major alcohol enterprises reported mixed performance in terms of output in the first five months of this year, according to the Ministry of Industry and Information Technology.

Major distilleries saw the output of Chinese baijiu, a type of distilled spirit, up 3.4 percent year-on-year to 3.18 million kiloliters in the reporting period, while that of breweries dropped 5.2 percent to 14.26 million kiloliters, data from the ministry showed.

Major wine-makers saw their output down 31.3 percent year-on-year to 79,000 kiloliters in the same period.

Major alcohol makers are those with annual operating revenue of at least 20 million yuan (about $2.99 million).

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