Most of these products are priced 100 to 300 yuan a bottle.
According to the Renhuai government, the industrial output value of liquor manufacturers for the first quarter of this year was more than 8.6 billion yuan, up just 1 percent compared with the same period last year.
"It was probably caused by the obvious drop in the prices," Chen said.
Zhou Jieming, chairman of the Guizhou Central Brewery Group in Maotai village, told Oriental Morning Post that his company's sales revenue doubled annually from 2009 to 2017.
"But we have seen a drop in the first quarter of 2013 so we adjusted the price from 800 yuan to under 500 yuan."
The retail price of Moutai dropped from its peak of 1,600 yuan a bottle in the second half of 2017 to about 1,000 yuan today.
Prices of high-end liquors, such as Moutai and Wuliangye, decreased partly due to a government frugality campaign started toward the end of last year, which has resulted in a fall in extravagant dining.
Official consumption used to account for 8 percent of Moutai sales, Yuan Renguo, chairman of Kweichow Moutai, said at a news conference on June 3, Beijing News reported.
Questions:
1. How much does Renhuai's signature Moutai cost?
2. What is the liquor capital of China?
3. Who is chairman of the Guizhou Central Brewery Group in Maotai village?
Answers:
1. More than 1,000 yuan a bottle.
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