Why did Wuliang liquid release a price increase after issuing a "no price increase" promise?

by zoupengnet on 2011-09-01 12:44:19

Report on August 30 from Sichuan Channel of Xinhua News Agency -- On the evening of August 30, Wuliangye Co., Ltd. announced an adjustment to the factory price for its Wuliangye liquor products, with an increase of approximately 20-30%. The adjusted pricing will be implemented starting from September 10, 2011. Regarding this issue, a relevant person in charge of Wuliangye Co., Ltd. revealed to our reporter that the company's price hike is a normal adjustment of the liquor product prices in accordance with market rules.