date:Aug 02, 2013
Kweichow Moutai Co Ltd - China's top liquor producer - has seen nearly flat growth in revenue in the first half of the year, hit by the government's campaign to crack down on lavish spending using public funds.
The company said its revenue for the first six months of 2013 was 17.9 billion yuan ($2.9 billion), up 0.6 percent year-on-year, or 100 million yuan.
The government's campaign has hit high-end liquor companies the most, industry insiders said.
In the first four months of the year, l