Retailers Offers Discounts on Purchases of Upmarket Liquors
Prices of up market Chinese liquors dropped around ten percent in several local supermarkets. Retailers have attributed the decrease as the Central Government released an order that bans purchases of the liquor using government funds. Moutai and Wuliangye are some of the popular up market liquor purchased by government departments and State owned enterprises during holidays.
A local Shenzhen franchise of a national liquor export and import business said that the ban have greatly impacted their sales of all up market liquor and spirits which lead to some retailers to cut their prices or offer indirect discounts on purchases.
For example a 500 milliliter bottle of Moutai sells for 1,660 yuan compared to its price of 1,800 yuan last week. And the same 500 ml bottle of Wuliangye sells for 888 yuan compared to its price last week 1,058 yuan and similar discounts can be found on online stores as well.
And because of the decrease in prices some local residents decided to splurge a little and bought high end liquors to bring home to friends and for relatives for the holidays.