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Moutai's Q1 profit up 16.7% despite virus lockdowns

China liquor giant's solid performance latest sign of resilience in country's demand for luxury goods

Beijing

LIQUOR giant Kweichow Moutai Co's buoyant first quarter earnings is the latest sign that China's demand for luxury goods is resilient, a relief for global brands dependent on the Asian nation to drive growth.

The maker of fiery baijiu drink reported a gain in profit for the...

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