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China’s best-selling spirit Baijiu seeks a foothold in the West

China’s best-selling spirit Baijiu seeks a foothold in the West

News

Just as Russia has its vodka, Mexico its tequila and Scotland its Scotch, China has its own distilled spirit, baijiu.

Baijiu is the world’s biggest-selling spirit category and represents a $23 billion market, according to research reports by McKinsey & Co and UBS.

But baijiu producers are seeking new markets in the United States and Europe as sales fall at home after a crackdown on wasteful spending in China.

Read More: http://www.reuters.com/article/2014/06/03/us-wine-baiju-idUSKBN0EE1AV20140603