Chinese Liquor Maker Hit by a Crackdown Diversifies Into French Real Estate

Workers package China Kweichow Moutai Distillery baijiu liquor in Guizhou, China Photograph by Nelson Ching/Bloomberg

Kweichow Moutai is the leading producer of Chinese baijiu, a clear and powerful liquor distilled from fermented sorghum and typically bottled with from 35 percent and 53 percent alcohol by volume. The fact that the Guizhou-based company’s iconic liquor has long been a staple at Chinese Communist Party banquets was, until recently, a guarantee of healthy sales.

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