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China Examines Official Spending on Luxury Alcohol

  • Local cadres asked to tally illegal spending on premium liquor
  • Impact on companies is limited amid surging mass-market demand
Photographer: Nelson Ching/Bloomberg
Updated on

China’s disciplinary watchdogs are examining official spending on luxury alcohol as Xi Jinping steps up an anti-corruption campaign, but the move isn’t yet denting the stocks of premium liquor makers.

The Communist Party is asking local cadres to identify all the illegal spending on luxury liquor from January to August, including how much officials have spent and the names of those who attended banquets that included luxury alcohol, according to notices published on government websites.