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March 13, 2012

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Pricy wines may replace Moutai

"IF you don't drink Moutai with public money, what do you drink? You drink Chateau Lafite instead? And you're saying that Moutai's retail prices are too much higher than the production costs. But have you asked about Lafite's production costs? Why do you guys focus only on Moutai? I won't argue with you whether a high profit margin is reasonable, please see how much we have contributed to state coffers in the form of taxes!"
Liu Zili, CEO of Moutai Co Ltd, speaking to reporters at a press conference in Guizhou Province over the weekend


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