date:Aug 02, 2013
tribution channel for all its products to reboot its profits, said Wang Chuancai, an industry consultant.
Tang Qiao, chairman of Wuliangye Group, said it is changing its product structure that used to emphasize the sales of its high-end product lines, bringing in 70 percent of revenues.
He said the sales target for this year has been lowered to about 30 billion yuan, only slightly higher than last year's 27.6 billion yuan.
Tang said the days of demand exceeding supply are over. This year the