Written By: victor dasgupta | Updated: Oct 12, 2022, 11:09 PM
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Agency
Henan’s Puyang and Gansu’s Qingcheng have banned alcohol consumption for civil servants during the working week- even in their private time.
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Amid the reports of ban of alcohol consumption, the Chinese liquor makers hit a bout of volatility, sharply dropping before erasing declines
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At a local level, Henan’s Puyang and Gansu’s Qingcheng have banned alcohol consumption for civil servants during the working week- even in their private time.
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Baijiu distillers Kweichow Moutai Co. and Wuliangye Yibin Co. rose about 0.3% on Tuesday after both recording a more than 4% drop on Monday.
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Tsingtao Brewery Co. added 1.3%, a slight rebound from a 7.4% plunge, while Budweiser Brewing Co APAC was unchanged following a 4.2% loss.
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In 2017, ahead of the CCP meeting, Chinese public employees were banned from drinking alcohol as part of Xi's anti-corruption efforts.
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