China: Civil servants may be banned from drinking alcohol, causing Chinese alcohol stocks to drop sharply

A rumor that the Chinese government may ban its civil servants from consuming alcohol, even in their private time, has reportedly caused the stocks of Chinese alcohol producers to drop sharply. President Xi Jingping has previously targeted the alcohol sector as part of his anti-corruption campaign, and in recent years, two local governments have banned civil servants from drinking during the work week and imposed rules for consumption during weekends.