China's alcohol-making industry posts steady growth

0 Comment(s)Print E-mail Xinhua, September 4, 2021
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China's major alcohol companies registered double-digit growth in profits and revenue in the first seven months of the year, official data showed.

In the January-July period, the major alcohol-makers raked in a total of 120.29 billion yuan (about 18.63 billion U.S. dollars) in profits, jumping 28.4 percent year on year, data from the Ministry of Industry and Information Technology showed.

Their operating revenue during the period totaled 531.49 billion yuan, up 16.9 percent from a year earlier.

Major distilleries saw the output of Chinese baijiu (distilled spirits) rise 9.2 percent year on year to nearly 4.08 million kiloliters in the first seven months, while the output of breweries increased by 7.5 percent, the data showed.

Major alcohol companies are those with annual revenues of more than 20 million yuan. 

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