Profits of Moutai, known as the national wine of China, continued to drop during the Golden Week trip, following declining Mid-Autumn event sales, reports showed.
The Huanqiu state-affiliated media outlet reported that Moutai prices, even for a particular dragon astrology limited drink version, fell to 2, 490 yuan a bottle, below the initial pricing of around 3, 000 yuan a bottle.
According to the Huanqiu record,” the decline in consumer need for alcohol during the middle of the summer festival is related to the current drop in the retail price of Moutai.”  ,
The Yicai Global, the English-language news division of the Yicai Media Group, reported that, in part, because of poor consumer demand, retail prices have continued to decline during the upcoming holiday seasons.
” A drink costs 2, 365 renminbi currently… down about 15 per cent from a month earlier”, the statement said, adding that wine bottle charges were actually lower as part of multi-packs.  ,
Speaking to Yicai Global, retailers and retailers said Beijing need was “particularly sluggish” – “likely the nicest over the past decade”. Inexpensive prices online were another factor in the decline in general real prices, according to the report.
CNA on Taobao conducted price assessments for a second bottle, which came in at around 2, 309 renminbi. On the common budget searching site Pinduoduo, one jug of Moutai was priced at 2, 270 yuan.
China’s tourism sector was anticipating slow development over the national holidays, perhaps as local governments began handing out cash vouchers to boost spending, not just the prices of expensive goods.  ,
According to experts, this year’s cost of private flights and accommodations is also less expensive than the levels previously reported.  ,