date:Mar 13, 2013
agance was announced at the end of last year, several products of the well-known Chinese liquor brands Moutai and Wuliangye have seen their prices go down 30 percent.
Chinese catering companies with annual revenues of 2 million yuan or more have seen their revenues in the first two months drop 3.3 percent year-on-year.
The growth rate of these companies reached 14.1 percent in December last year, while their annual average growth in 2012 was 12.9 percent.
Goldman Sachs' Beijing-based economis