Wine, liquor imports drop on austerity push
Wine and liquor imports declined in the first four months as an official crackdown on lavish entertainment and a weaker economy cut corporate and government spending on beverages.
Imports of alcoholic beverages fell about 8 percent year-on-year to $847 million from January to April, according to the China Chamber of Commerce of Foodstuffs and Native Produce. But by volume, imports were up 12.9 percent to 212 million liters as drinkers turned to cheaper beverages such as beer.
Imports of beer from countries such as Germany, Belgium and the Netherlands climbed nearly 95 percent to $86 million from January to April. By volume, imports more than doubled to 68 million liters, according to the chamber. (Photo 2)