Why The Prices Of Chinese Liquor Rises In New Year

Economics commentary number: HL number act of conveyance of the extract: Liquor worths soar on gamy closing demand Author: Wang Ying and Bao Chang Source of the extract: http://www.chinadaily.com.cn/ clientele/2010-   As the Chinese New year draws near, the demand for high-end Chinese pot likker is soaring.  Well-known brands, including Kweichow Moutai and Wuliangye, have started raising strong confuse values, but analysts verbalize frequent surges bequeath fuel grocery store speculation.  Kweichow Moutai Co Ltd has incisively sent a price version notice to study distributors, implementing a hike of 60 kwai ($9) on a standard size bottle of 53-degree Moutai Feitian. The 12.5 share rise comes into accomplishment on Jan 1st, 2011, the Southern Metropolis periodical reported on Tuesday.  However, Yao Hui, a Kweichou Moutai spokesperson denied the smart set has been convolute in the rise. whatsoever price increase has been caused by a lack of pro vide from our distributors. Our ex-works price will remain unaltered at 579 yuan, say Yao.  According to Yao the reason that the catamenia sell price of a standard bottle of Moutai has exceeded more than 800 yuan - the maximum price Kweichou Moutai allows its retailers to charge - is a reflection of the laws of show and demand.

  Yao verbalize the current price rise is no unlike from previous years, the pre-New Year period is usually a hot flash season for pot liquor sales, he explained. Wuliangye Group Co Ltd also denied same reports.  Apparently, the liquor companies didnt raise the price for their ex-works products, because they didnt get off notices to the exchange. Usually, such changes will cause the listed ! companies share price to fluctuate, said Tang Weiliang, an industrial analyst from Guangfa Securities.  The last time that Kweichou Moutai raised its liquor price was roughly a year ago, when the Shanghai-listed company announced it was adding around 13 percent to all its liquor prices from Jan 1, 2010. Many otherwise domestic producers followed that lead. ...If you want to get a full essay, ordination it on our website: OrderEssay.net

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