Foreign capital penetrates into domestic liquor market

时间：2007-10-20 05:48:04

（单词翻译:单击）

Chinanews, Beijing, Oct 19 – Liquor has always been one of the key products in domestic spirits market. Due to the high profit and the large market share controlled by domestic liquor makers2, foreign liquor makers find it hard to enter this market. Industrial analysts3 say that foreign liquor makers have now shifted their attention to the capital market from producing their own products to compete with domestic liquor makers directly in the market.

 

In 2006, China had 1,026 middle and large liquor makers, which produced 39,708 kilolitres of liquor in total, or 18% more than the previous year. Liquor industry generated 97.14 billion yuan of sales income, increasing by 31% from the previous year, said Ma Yong, secretary-general of the China Food Industry Association Liquor Section.

 

In fact, foreign liquor makers started to enter into Chinese market over a decade ago. According to industrial information, China's liquor consumption now accounts for 23% of the world’s total. China has become the largest liquor consumption market in the world.

 

Early this year, the world's large liquor maker1 Diageo bought 43% of shares from Sichuan Quanxing Distillery Co., Ltd. Meanwhile, it spent 500 million yuan to own 17% of the shares of Swellfun through indirect means. In May, Hennessy became main shareholder4 of Wenjun Liquor Company, a branch company of the Jiannanchun Group.

 

Recently, Changsha Maogongjiu Liquor Group posted a notice at the Beijing Property Right Transaction Exchange Board intending to transfer all the company's shares, which was worth 428 million yuan, to potential buyers. The company's president Qiao Nu said it welcomed foreign buyers to buy the company's shares.

 

In future, some well-known domestic liquor makers will try to penetrate5 the global market by cooperating with foreign liquor makers, Ma said.

 
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1 maker DALxN     
n.制造者，制造商
参考例句：
  • He is a trouble maker，You must be distant with him.他是个捣蛋鬼，你不要跟他在一起。
  • A cabinet maker must be a master craftsman.家具木工必须是技艺高超的手艺人。
2 makers 22a4efff03ac42c1785d09a48313d352     
n.制造者，制造商（maker的复数形式）
参考例句：
  • The makers of the product assured us that there had been no sacrifice of quality. 这一产品的制造商向我们保证说他们没有牺牲质量。
  • The makers are about to launch out a new product. 制造商们马上要生产一种新产品。 来自《简明英汉词典》
3 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
4 shareholder VzPwU     
n.股东，股票持有人
参考例句：
  • The account department have prepare a financial statement for the shareholder.财务部为股东准备了一份财务报表。
  • A shareholder may transfer his shares in accordance with the law.股东持有的股份可以依法转让。
5 penetrate juSyv     
v.透(渗)入；刺入，刺穿；洞察，了解
参考例句：
  • Western ideas penetrate slowly through the East.西方观念逐渐传入东方。
  • The sunshine could not penetrate where the trees were thickest.阳光不能透入树木最浓密的地方。

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