Wholesale prices of Kweichou Moutai continue to fall on Friday.

The reference price of a single bottle of MouTai falls over 9% in one day, according to a liquor information platform.
The share price of the brand extends to 2%.
In Chinese society, Moutai has a social currency attribute, serving as a hard currency, which has kept its price steadily rising. However, during the 618 Shopping Festival this year, the wholesale price of Moutai dropped steadily. Speculators who hoarded the Moutai suffered historic losses.
It's worth noting that analyst once pointed out that Moutai's stock price is a reliable indicator of China's infrastructure investments, typically leading by one to two quarters. Moutai is strongly connected to the social fabric of the Chinese.