Goods from China, including the powerful liquor,
Maotai, were available at these stores.
The most expensive, on the other hand, is Moutai (or
Maotai), a distilled Chinese liquor made from fermented sorghum very much in demand worldwide that it's driving up prices.
Founded in 1979, China GuiZhou HanTai Wine, Inc.'s top-selling baijiu brand, Yantai 1985, is produced in the town of
Maotai in China's Guizhou province.
Potential clients for 2008 included China's two major drinks brands
Maotai and WuLiangYe.
A causal relationship is at least demonstrable in sales of
maotai, Swiss wrist watches, gambling receipts in Macau, and other such conspicuous consumption.
These include large, powerful, centralized SOEs such as China Telecom and China Unicom, as well as local SOEs such as premium white liquor manufacturers
Maotai and Wuliangye, (15) gold retailers in Shanghai, (16) a salt manufacturer in Wuchang, (17) large cement manufacturers, (18) auto insurance companies, (19) and auto manufacturers.
As one of those who went with him, incidentally, I well remember being thankful for John's ability to cope with the numerous toasts at our dinners (thereby shielding us from the inevitable effects of the
maotai we were being plied with).
Xi also broke out a bottle of "
Maotai," a famous Chinese liquor, to toast Obama during Friday's working dinner, according to the official, who insisted on anonymity in order to discuss the private meetings.
Expensive baijiu,
Maotai can sell for Chinese Yuan Renminbi CNY1,500 (or US dollars USD224.12): a bottle, is seen as a status symbol in China, although this prestige branding has not crossed to non-Chinese markets.
This has an inevitably impact on the turnover of Xiamen
Maotai and Vedan Shanghai, the Group's two plants in China which mainly sell MSG.