"A whole lot of ganbei"

[Randy W]

in the SCMP

 

A whole lot of ganbei drives Moutai’s market value to half the GDP of its home province

 

Moutai’s shares touched a record intraday high of 500.10 yuan each on August 14, and recently changed hands at 491.27 yuan in Shanghai, giving the company based in the township of Maotai 617 billion yuan (US$93.7 billion) in market capitalisation. In the first six months of 2017, Moutai’s market value surpassed Guizhou’s gross domestic product.

 

 

. . .

 

Distilled from fermented sorghum, a bottle of maotai -- the baijiu must be distilled in the town to use that name -- from the distillery starts from 1,799 yuan, and could go up to 8 million yuan at auctions. First produced during the Qing Dynasty, maotai’s fortunes had been closely tied to the Communist Party, owing its success to the party’s founding elders. Mao used to drink it, and Zhou Enlai toasted Richard Nixon with maotai during the American president’s historic visit to China in 1972.

 

 

 

[True Blue]

Thanks for sharing, Randy. Great article. I like the references at the end of the article (not sure if intentional or not) to "Maotai",

 

Moutai is probably the smoothest alcohol I have ever drank. Never got a headache, stomach ache or felt uncomfortable at all. It's in a class by itself. When Chinese friends visit the USA, I am embarrassed to say that we don't really have something made in North America that is alcoholic that even comes remotely close to Moutai. I do enjoy Tito's Vodka (made from corn not wheat, in Texas no less) as do Chinese friends who visit us in the USA, but it's certainly 5 notches down from Moutai and 2 notches down from Grey Goose.

 

True Blue