Wuliangye announces price hike

Liquor maker follows rivals with increases of up to 10.3 percent

SHANGHAI: Wuliangye Yibin Co, China's second biggest maker of white liquor by market value, said it plans to raise its liquor prices from this Saturday, following its archrivals' recent price increases.

The liquor maker said it would raise its ex-works price by a range of 8.5 percent to 10.3 percent.