Project of 6,600 tons of Moutai liquor to be launched in 2018

Updated 2017-11-28 17:02:55 Xinhua

Chinese liquor producer Kweichow Moutai Group will launch a new project with the output of 6,600 tons of Moutai liquor in 2018 to meet rising demand from home and abroad.

It plans to reach a target of 136,000 tons of alcoholic beverages in 2023, including 56,000 tonnes of Moutai liquor.

In the first 10 months of the year, Moutai exported 1,623 tons of alcoholic beverages and earned 281 million U.S. dollars. The group's sales revenue is predicted to exceed 60 billion yuan (9 billion U.S. dollars) this year, while its profits will reach 30 billion yuan, said Yuan Renguo, chairman of Kweichow Moutai Group.

By 2020, the amount of Moutai liquor sold overseas will account for at least 10 percent of the company's total production, according to the group's plan.

Distilled in the town of Maotai in southwest China's Guizhou Province, Moutai is considered the country's national liquor and often served on official occasions and at state banquets.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 11 2017 17:22:38

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 11 2017 17:22:38

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 11 2017 17:22:38

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords