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China s top stock funds trashed by US$111B Moutai wipeout Sofia Horta e Costa, Bloomberg News An employee arranges bottles of Moutai baijiu at the Kweichow Moutai Co. factory in the town of Maotai in Renhuai, Guizhou province, China, on Thursday, Dec. 14, 2017. Moutai baijiu s fiery flavor and potential to appreciate in price is driving blistering demand. That in turn has pushed its market value to more than $145 billion, well past British whisky giant Diageo Plc. Photographer: Qilai Shen/Bloomberg , Bloomberg The most popular stock trade in China is unraveling, tarnishing the reputations of some of the countryâs most successful money managers and undermining the outlook for the worldâs second-largest equity market. ....