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China's luxury liquor indicator

Podcast |: The Indicator from Planet Money
Publisher |: NPR
Media Type |: audio
Podknife tags |: Business,; Economics
Categories Via RSS |: Business
Publication Date |: Jul 15, 2024
Episode Duration |: 00:09:01

If you regularly listen to The Indicator, you know China's economy is not doing great. Over the last few years, indicators like unemployment and local debt are up, and consumption and property sales are down. There is one big indicator that's been a bellwether for China's economy ... booze. One specific kind: Baijiu. In today's episode, a quick history on baijiu and how the liquor is a potent symbol for consumer confidence in China. Related Episodes: China's weakening economy in two Indicators The Beigie Awards: China Edition For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy

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