(Bloomberg) Beijing is on a mission to revamp its state-owned enterprises, and show the world that investing in President Xi Jinping’s China can reward everyone from domestic savers to skeptical money managers.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled A
Distillers of China’s most popular spirits, baijiu, are sobering up to a business slowdown and tight financing after a decade of outstanding growth.Sales are off and company market values have fallen over the past year, prompting some investors to cash in their bets on minor and big-name distillers alike.Industry leaders such as Tuopai Shede Wine Co., Kweichow Moutai Co. Ltd.,
BEIJING, Feb. 2 (Xinhua) China leading liquor maker Sichuan Swellfun Co. Ltd. forecast a significant profit increase in 2021, surging 64 percent year on year