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    Exchange expected to kick-start struggling industry

    By Zhao Kai | China Daily | Updated: 2013-09-10 07:19

    China's premium liquor industry has fallen on hard times since the central government barred official banquets from serving luxury brands like Moutai.

    This ban is part of a recent nationwide initiative to end extravagant displays of wealth at state functions.

    Industry insiders have said that many of the lower-priced liquor brands in China's largest liquor producing province, Guizhou, are also suffering from the market slowdown.

    Exchange expected to kick-start struggling industry

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