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Beijing Targets European Brandy Following Electric Vehicle Subsidy Dispute
Chinese response follows European Commission accusing China’s massive state subsidies of artificially depressing the price of EVs.
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China National Liquor Sees Market Value Shrink by 11 Percent in One Day
While Chinese in general have been cutting down on luxury consumption, Maotai’s downturn shows that this phenomenon is now reaching the monied classes.
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Beijing Targets European Brandy Following Electric Vehicle Subsidy Dispute
Chinese response follows European Commission accusing China’s massive state subsidies of artificially depressing the price of EVs.
|
China National Liquor Sees Market Value Shrink by 11 Percent in One Day
While Chinese in general have been cutting down on luxury consumption, Maotai’s downturn shows that this phenomenon is now reaching the monied classes.
|