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China's anti-extravagance mandates hit restaurants and liquor sectors
https://www.baiguan.news/p/china-anti-extravagance-mandate-restaurant-liquor-sales-decline-baijiu-moutai-catering-revenue-drop-over-enforcement-soes-public-sector-spending-eight-point-regulation-lower-tier-cities-alcohol-ban-civil-servant-wallets-domestic-consumption-policies
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What happened and how severe is the impact on sales?
