CLSA: China's Catering Market Still Faces Challenges, Cautious on Mid-Autumn Festival Baijiu Demand Outlook
AASTOCKS News·
- CLSA issued a research report indicating that China's catering market continues to face challenges and maintained a cautious outlook on Mid-Autumn Festival baijiu demand.
- August baijiu demand remained weak as sales for other brands recorded a year-on-year decline, though Moutai and Wuliangye showed slight month-on-month improvements.
- Beer demand remained sluggish with sales volumes declining year-on-year, while beverage demand stayed broadly flat with Nongfu Spring outperforming peers.
