, Columnist
Drunk on Moutai
The liquor maker has uncovered new markets to compensate for government cutbacks.
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Bottoms up. China's biggest liquor maker is partying again, after recovering from the hangover of a nationwide anti-corruption campaign. Investors and analysts are anything but ready to put the bottle down.
Kweichow Moutai shares have surged 27 percent on the Shanghai Stock Exchange this year, compared with a 17 percent decline in the city's benchmark index. The stock has almost tripled from its January 2014 low, as revenue rebounds from a trough that followed the start of President Xi Jinping's war on graft.