Moutai and hairy crabs: Prices for luxury items drop to record lows during China’s Golden Week

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Moutai and hairy crabs: Prices for luxury items drop to record lows during China’s Golden Week - Channel News Asia

Quick Summary:

Hairy crabs are a popular autumn delicacy and Moutai is known as China’s national liquor.

But once-high prices have fallen this year, dampening "Golden Week" holiday sales and reflecting changing spending habits as economic woes continue.

Sales of Moutai, known as the national liquor of China, continued to dip during the Golden Week holiday, following declining Mid-Autumn festival sales, reports showed.