Kweichow Moutai National Liquor Legend: From Terroir to Series, a Comprehensive Guide to Its Culture and Value

1. The Legend of Moutai: From the Chishui River to the Pinnacle of State Banquets

The legend of Moutai is closely linked to the unique terroir of its birthplace—Moutai Town, Renhuai City, Guizhou Province—and the turbulent shifts of modern Chinese history. Its story is a symphony combining geography, history, and politics.

The Terroir Origins of Moutai Town

There is a saying: "Once you leave Moutai Town, you can no longer brew Moutai liquor." This perfectly summarizes the decisive role of the geographical environment in brewing Moutai. Located in a low-lying area of the Yunnan-Guizhou Plateau, Moutai is a typical river valley. Its unique features include:

• 💧 The Chishui River - Gift from the River of Good Wine: Flowing through Moutai Town, the Chishui River is the only tributary in the upper reaches of the Yangtze River that hasn't been polluted by modern industry. The water quality is excellent, rich in various trace elements beneficial to the human body. More miraculously, the color of the river changes with the seasons: between the Dragon Boat Festival and the Double Ninth Festival, rain washes the red soil, turning the river red; after the Double Ninth Festival until the next Dragon Boat Festival, the river becomes crystal clear. Moutai's brewing cycle ingeniously follows this natural rhythm, starting the "Xia Sha" (feeding the grain) and drawing water to brew right after the Double Ninth Festival when the river is at its clearest.
• 🟤 Unique Purple Soil: The soil around Moutai Town is mostly purple sandy shale. This soil has good permeability but retains water well, with moderate acidity and alkalinity. It is incredibly conducive to the growth of sorghum and other crops needed for brewing, while also providing a blessed environment for the reproduction of brewing microorganisms.
• 🦠 Unreplicable Microbial Environment: Surrounded by mountains, Moutai Town forms a relatively enclosed, special microclimate that is warm in winter, hot in summer, with little rain or wind. This stable climate, combined with the accumulation of thousands of years of brewing activities, has enriched the air, soil, and brewing tools with a massive and complex microbial community. These invisible microbes are the key catalysts for Moutai's unique "Jiang-flavor" (sauce flavor), and their varieties and proportions cannot be replicated anywhere else.

Moutai's Shadow in the River of History

Moutai's brewing history is long, dating back to the "Goujiang Wine" of the Han Dynasty. However, what truly made Moutai famous was the middle and late Qing Dynasty. At that time, with the booming salt trade, Moutai Town became a crucial port for Sichuan salt entering Guizhou, gathering merchants and causing the liquor industry to flourish. By the late Qing Dynasty, three of the most famous distilleries (Shaofang) were formed:

• Chengyi Distillery: Founded by Hua Lianhui; its product was later called "Hua Mao."
• Ronghe Distillery: Co-founded by Shi Rongxiao and Wang Lifu; its product was later called "Wang Mao."
• Hengxing Distillery: Founded by Lai Yongchu; its product was later called "Lai Mao."

These three distilleries were the predecessors of today's Kweichow Moutai Distillery. What truly propelled Moutai onto the world stage was the "Panama-Pacific International Exposition" held in San Francisco in 1915. The most widely circulated story about this event is that the Chinese exhibits were initially ignored. In desperation, a Chinese delegation member "smashed a bottle in anger," and Moutai's rich aroma instantly filled the venue, shocking the judges and winning the gold medal. While this story may be a later promotional strategy, it is a historical fact that Moutai won an award at the expo, earning international fame.

In modern Chinese history, Moutai also played a unique role. In 1935, during the Long March, the Chinese Workers' and Peasants' Red Army passed through Moutai Town. According to records, the Red Army used Moutai liquor to treat wounds, disinfect, and even drank it to boost morale. This "red" history added a thick revolutionary color and legendary halo to Moutai.

Establishment as the "National Liquor"

After the founding of the People's Republic of China in 1949, Moutai's destiny hit a turning point. In 1951, the Chinese government merged the "Chengyi," "Ronghe," and "Hengxing" distilleries through acquisition, confiscation, and takeover, establishing the state-owned "Kweichow Moutai Distillery."

Moutai truly established its "National Liquor" status when it began frequently appearing at major national events. At the first state banquet of the founding of the PRC, Premier Zhou Enlai used Moutai to entertain domestic and foreign guests. Since then, Moutai has become the designated liquor for Chinese state leaders to entertain state guests and hold state banquets. The most talked-about instance was US President Richard Nixon's visit to China in 1972. At the welcome banquet, Premier Zhou Enlai toasted President Nixon several times with Moutai. This scene was broadcast globally, elevating Moutai's international reputation to unprecedented heights. Moutai is not just a fine wine at banquets; it has become a special calling card on China's diplomatic stage, a symbol of peace, friendship, and respect. Since then, the image of "National Liquor Moutai" has been deeply ingrained, and its status has remained unshakable.

2. Deconstructing Moutai: Why is it So Hard to Get? Unveiling the Unique Brewing Process

Moutai's preciousness lies not only in its historical and cultural heritage but also in its extremely complex, time-consuming traditional brewing process that follows the seasons. This process is full of the wisdom of Eastern philosophy, with every step being precise and rigorous, collectively creating Moutai's unique quality and flavor. We can summarize it into a mysterious numerical code—"12987".

Unreplicable Raw Materials and Environment

• Red Tassel Sorghum: This is a type of glutinous sorghum unique to Moutai Town and its surrounding areas. Its grains are solid, plump, small, reddish-brown, and have a glassy cross-section. Compared to ordinary sorghum, its amylopectin content is over 88%, and its tannin content is moderate (about 1.6%). These characteristics allow it to withstand the up to nine rounds of repeated steaming in the Moutai process without over-gelatinizing. Moderate tannins convert into phenolic compounds during fermentation, bringing rich layers and a unique Jiang-flavor to Moutai.
• High-Quality Wheat: Used to make the "Qu" (koji), which is the fermentation starter. Moutai uses high-temperature Daqu, requiring extremely high-quality, plump, and mold-free wheat.
• Chishui River Water: As mentioned earlier, water is the blood of the liquor. The clear, sweet water of the Chishui River, rich in trace elements, is the foundation of Moutai's mellow taste.

The Complex and Time-Consuming "12987" Brewing Code

"12987" is a high-level summary of Moutai's core production process. It represents:

• 1: One-year production cycle. From adding grain to completing the seventh extraction, the entire production cycle lasts a whole year. This means Moutai's production capacity has a natural ceiling and cannot be rapidly expanded like many other spirits.
• 2: Two grain additions. Grain is added only twice a year, both during the Double Ninth Festival period. The first is called "Xia Sha" (Lowering Sand), and the second is "Cao Sha" (Rough Sand). Each addition accounts for about half of the total amount. "Sand" is industry jargon referring to the red tassel sorghum.
• 9: Nine steamings. Throughout the process, the sorghum undergoes a total of nine steamings. Repeated steaming ensures thorough gelatinization of starches, favoring microbial fermentation and extracting deep flavors from the raw materials.
• 8: Eight fermentations. After each steaming, yeast (Qu) is added to the grain, which is then placed in cellar pools for solid-state fermentation. Each fermentation lasts about a month, totaling eight fermentations.
• 7: Seven extractions. Starting after the second grain addition's fermentation, liquor is extracted once after every steaming and fermentation cycle. In total, the liquor is extracted in seven rounds.

It is worth noting that the flavor profiles of the base liquors from these seven extractions differ entirely. The 1st and 2nd rounds feature prominent Jiang-flavor but are slightly astringent; the 3rd, 4th, and 5th rounds are the highest quality—rich in Jiang-flavor, mellow on the palate, and with a long finish, making up the main body of Moutai's classic style. The 6th round has a slight roasted flavor; the 7th round possesses a distinct burnt/smoky aroma. These diverse base liquors provide rich material for subsequent blending.

Traditional Wisdom Following the Seasons: Stepping on Qu at Dragon Boat and Xia Sha at Double Ninth

Moutai's brewing process perfectly embodies the traditional Chinese philosophy of "following nature and the harmony of heaven and humanity."

• Stepping on Qu at Dragon Boat Festival: Around the Dragon Boat Festival every year, the temperature rises, humidity increases, and microbes in the air are most active. This is the prime time to make high-temperature Daqu. Koji makers crush wheat, add water and "mother Qu," and then young female workers weighing 40-50 kg repeatedly trample it with their feet, colloquially known as "stepping on Qu." It is said that female body temperature and foot microflora are better suited for the Qu blocks' fermentation. The trampled Qu blocks are turtle shell-shaped and undergo 40 days of high-temperature fermentation and half a year of storage before being used.
• Xia Sha at Double Ninth Festival: By the ninth day of the ninth lunar month (Double Ninth Festival), the Chishui River, having been washed by the rainy season, becomes crystal clear and sweet, and the temperature drops to around 25°C, ideal for brewing. Simultaneously, the red tassel sorghum matures and is harvested. With favorable timing, geographical conditions, and human effort aligning, the Moutai distillery begins its new production cycle with the first grain addition—"Xia Sha."

The Art of Time: Aging and Blending

After obtaining the seven rounds of base liquor through the "12987" process, it cannot be bottled immediately. What follows is "the art of time," which tests patience even further.

• Aging: The seven rounds of base liquor are categorized by grade and round, then stored in massive earthenware jars. This process is called "aging" or "cellaring." Earthenware jars offer excellent breathability without leaking, allowing the liquor to undergo weak exchanges with outside air. During an aging period of at least three years, irritating substances like aldehydes and sulfides evaporate, while acids and alcohols undergo esterification, generating more aromatic compounds. The liquor becomes more mellow, smooth, and its aroma more complex and elegant.
• Blending (Gou Dui): This is the crowning touch in Moutai's brewing process and its core technological secret. Moutai's blending is by no means simply adding water or foreign substances; it is "blending liquor with liquor." Master blenders, relying on their astonishing taste, olfactory memory, and extensive experience, harmonize base liquors from different years, rounds, and flavor profiles (Jiang-flavor, mellow-sweet, cellar-bottom aroma) in precise proportions. This process may involve dozens or even over a hundred base liquors. The goal is to balance the liquor, cover up flaws, highlight strengths, and ultimately form the stable, classic flavor that the Moutai distillery has maintained for decades.

From adding grain to completing the blending, an ordinary bottle of Moutai takes at least five years. This respect for time and adherence to traditional craftsmanship is the fundamental reason behind Moutai's limited production, exceptional quality, and high price.

3. The Moutai Family: Getting to Know Classic and Limited Series

The variety of Kweichow Moutai on the market is dazzling, which might be overwhelming for beginners. Understanding its main product lines is the first step to delving into the world of Moutai. Moutai's product line can be roughly divided into the core "Moutai Liquor" and the more accessible "Series Liquor." Here, we focus primarily on the "Moutai Liquor" that garners the most attention in the collection and tasting markets.

The Classic Dual Jewels: Flying Fairy and Five Star Moutai

These are the two core products with the largest production volume and highest recognition from the Moutai Distillery, considered the standard and cornerstone of Moutai. Their relationship and differences are common points of interest.

• Historical Origins: From the 1950s to the 1980s, Moutai's domestic and export packaging differed. The "Five Star" trademark (golden wheat ears and gears surrounding five red stars) was mainly used for domestic sales in China. The "Flying Fairy" trademark (inspired by the flying apsaras murals of Dunhuang) was mainly used for export to avoid unnecessary political associations in certain Western countries sensitive to the red five-star.
• Liquor Quality and Packaging: Today, the Moutai Distillery officially emphasizes that the "Flying Fairy" and "Five Star" produced in the same year have exactly identical liquor inside the bottle, following the same brewing process and blending standards. Their main difference lies in external packaging: Flying Fairy Moutai usually comes with two small tasting glasses, and the box design is different. Additionally, the front of the Flying Fairy bottle features two red ribbons, whereas the Five Star does not.
• Market Recognition: Due to historical reasons, a more aesthetically pleasing design, and its long-standing image as an export product, "Flying Fairy Moutai" usually enjoys slightly higher recognition in the collector's market and at auctions compared to the "Five Star Moutai" of the same year. Consequently, its price in the Hong Kong market is often slightly higher. However, from a tasting perspective, there is no difference between the two.

The Mark of Time: Vintage Moutai

If ordinary Moutai is an artwork of five years of aging, Vintage Moutai is the essence of time precipitation. Vintage Moutai does not mean the liquor in the bottle entirely comes from one specific year (like the single-vintage concept in wine); rather, it means the main base liquor used in blending is at least the labeled age. For example:

• 15-Year Vintage Moutai: Uses base liquor not less than 15 years old as the main body, carefully blended with even older aged liquor.
• 30-Year, 50-Year, 80-Year Vintage Moutai: Following the same logic, the main base liquor used in blending is older, and the old liquors used for harmonizing are even more precious. The 80-Year Vintage Moutai even uses the essence of old liquors stored for nearly a century.

The flavor of Vintage Moutai becomes increasingly mellow and smooth with age, deriving more complex aged aromas, nutty notes, and Qu aromas within the Jiang-flavor. Its palate is round, melting in the mouth, with an extremely long finish. Naturally, due to the extreme scarcity of aged liquor, Vintage Moutai has a very limited production volume, and its price grows geometrically. It stands at the apex of the Moutai family pyramid, catering mainly to premium tasting and top-tier collection markets.

Unique Craftsmanship: Zodiac and Commemorative Moutai

Besides regular products, the Moutai Distillery releases various limited and commemorative editions with special significance, highly sought after for their scarcity and unique cultural connotations.

• Zodiac Commemorative Liquor: Since 2014 (the Year of the Horse), Moutai has launched an annual commemorative liquor themed around the Chinese Zodiac of the year. The bottle design of each zodiac edition integrates paintings by famous artists, perfectly combining traditional Chinese zodiac culture, calligraphy, and painting with Moutai. It is claimed that the liquor quality of Zodiac Moutai is slightly better than regular Flying Fairy, as it is specially blended. Because it is released in limited quantities annually, and collecting a full set of 12 zodiacs holds immense value, Zodiac Moutai becomes a market hot spot upon release. Early editions, particularly the Year of the Horse and Sheep, had very low circulation and are now exceedingly difficult to find even at sky-high prices.
• Various Commemorative Liquors: Moutai also releases special commemorative liquors for major national events, historical moments, or significant milestones of the company. Examples include the "Hong Kong Handover Commemorative Liquor," "Beijing Olympics Commemorative Liquor," and "Factory Anniversary Commemorative Liquor." These releases are usually extremely limited, feature unique packaging designs, and possess high historical and collectible value, making them a crucial category within Moutai collection.

Moutai Series Liquor: Prince and Yingbin

To cater to a broader consumer market, Kweichow Moutai Co., Ltd. has launched numerous "Series Liquors." They share some brewing processes and flavor characteristics with "Moutai Liquor," but their positioning and pricing are much more approachable. The most famous series liquors include:

• Moutai Prince (Moutai Wangzi): Positioned as a mid-to-high-end Jiang-flavor Baijiu, it is reputed to have a taste closest to Flying Fairy Moutai among the series. Its brewing process traces the same lineage as Moutai Liquor, but its production cycle and aging time are relatively shorter.
• Moutai Yingbin (Moutai Welcome): Positioned for the mass market, it is the entry-level product in the Moutai series. It is brewed using the leftover fermented grains (distiller's grains) after Moutai's seventh extraction, mixed with new grains. Thus, it also carries Moutai's unique Jiang-flavor profile and offers high cost-performance.

Understanding these series liquors helps us gain a more comprehensive view of the Moutai Group's product layout. However, it is crucial to clarify that in the collection and investment markets, when people mention "Moutai," they usually refer to the core products bearing the "Kweichow Moutai" label produced by Kweichow Moutai Co., Ltd., not the series liquors.

4. The Value of Moutai: Tasting, Collecting, and Investing

Moutai's value is multi-dimensional. It has long transcended the realm of an ordinary spirit, evolving into a special commodity that integrates the attributes of consumer goods, luxury items, collectibles, and even financial products.

Moutai Price Reference Range (Market Valuation)

Many readers are concerned about the trend of Moutai prices. Due to market fluctuations, the following prices are for reference only (based on HKD/RMB market prices):

• 53% Flying Fairy Moutai (500ml): As hard currency in the market, although its official suggested retail price is fixed, the circulation price in the Hong Kong market usually fluctuates between HK$2,200 and HK$3,000.
• Vintage Moutai (15 Years): The price is usually around HK$6,000 to HK$8,000, depending on condition and vintage.
• Zodiac Moutai: Depending on the scarcity of the zodiac (e.g., Horse and Sheep are more expensive), prices vary hugely, ranging from HK$3,500 to tens of thousands of dollars.
• Moutai Series Liquor (Prince/Yingbin): Prices are approachable, typically ranging from HK$200 to HK$500.

Scarcity

The foundation of Moutai's value lies in its scarcity, which cannot be easily replicated or expanded. This scarcity stems from multiple aspects:

• Uniqueness of Origin: As mentioned, Moutai's brewing is heavily dependent on Moutai Town's unreplicable geography and microbial environment. This means Moutai's production is firmly locked into a tiny geographical area, creating a physical ceiling on production capacity.
• Complexity of Craftsmanship: The one-year production cycle, followed by at least three years of aging, means every bottle of Moutai takes a minimum of five years from grain feeding to market release. This "slow work yields fine products" model means production cannot be rapidly increased in the short term to meet market demand.
• Limited Resources: The local red tassel sorghum required for brewing Moutai has limited yield, and the premium aged liquor inventory required for aging is an extremely precious non-renewable resource. These factors constrain Moutai's output, especially for high-end Vintage Moutai.

Because of this, Moutai circulating in the market, especially aged Moutai, possesses a non-renewable attribute of "drink one, lose one." Over time, the surviving quantity will only decrease, providing a solid foundation for steady value appreciation.

Financial Attributes Beyond a Beverage

Driven by its intense scarcity, Moutai has demonstrated astonishing value-preserving and appreciating capabilities over the past decades. It possesses financial attributes akin to gold, luxury watches, or fine art, earning it the title of "liquid gold."

• Price Trend: Long-term, Moutai's market price shows a robust upward trajectory. The official suggested retail price of an ordinary Flying Fairy Moutai often has a massive gap compared to its actual market transaction price, with the latter potentially thousands of HKD higher. As for rare vintages or special editions, prices can reach astronomical figures of hundreds of thousands or even millions of HKD, repeatedly breaking records at auctions.
• Investment Medium: An increasing number of people buy Moutai not for immediate consumption but as a long-term investment. They bet that as Moutai ages, not only will the flavor improve (older liquor tastes better), but its scarcity will become more pronounced, thus yielding substantial returns.
• Hard Currency Attribute: In certain circles, Moutai is even viewed as "hard currency" that can be used for collateral, exchange, or as a store of value. Its brand reputation and universally recognized high value give it extremely strong liquidity.

However, it must be noted that any investment carries risks. Moutai prices are also subject to fluctuations influenced by macroeconomics, market sentiment, and policy regulations. Those intending to invest must remain rational and fully understand the market.

Cultural Symbol and Social Currency

Beyond its drinking and economic value, Moutai carries profound cultural significance in Chinese society, serving as a powerful "social currency."

• Symbol of Status and Prestige: At high-end business banquets or important dinners, opening a bottle of Moutai—especially Vintage Moutai—is often seen as the highest mark of respect for guests, simultaneously showcasing the host's strength and sincerity. Being able to taste and discuss Moutai has also become a hallmark of entering certain social echelons.
• The Bond of Human Relations: In China's traditional relational society, reciprocity is a vital way to maintain relationships. Due to its high fame and recognized value, Moutai has become the ultimate gift choice for holidays, visiting elders, or expressing gratitude. What it conveys goes far beyond material value; it carries deep emotion and respect.
• Carrier of National Sentiment: Given its special "National Liquor" status and close ties to major national historical events, Moutai has also become a carrier for many overseas Chinese to express nostalgia and cultural identity. During family reunions, sharing a glass of Moutai means savoring a deep sense of homeland affection.

In short, the value of Moutai is a composite of tasting, collecting, investing, and cultural value. It is the overlapping of these multiple attributes that creates Moutai's uniquely transcendent status in the market today.

5. How to Taste Authentic Moutai?

Tasting Moutai is not merely drinking; it is a sensory journey that engages sight, smell, and taste. Learning how to taste it not only helps you better appreciate its unique charm but also aids to some extent in distinguishing genuine products from fakes. The complexity and layering of authentic Moutai, especially aged ones, are unmatched by counterfeits.

Visual, Nose, Palate: The Three Steps of Tasting

Professional tasting typically follows these three steps:

1. Visual:
   Pour Moutai into a transparent glass and observe it against well-lit backgrounds. Genuine Moutai is crystal clear with a pale yellow hue. This yellowish color is not from added coloring, but naturally forms over the long aging process as phenolic and alcoholic substances undergo complex chemical reactions. The older the vintage, the deeper the yellow, ranging from pale yellow to light yellow and amber. The "legs" (or tears) are pronounced; when gently swirling the glass, the liquid runs down the sides slowly, forming distinct "wine tears," indicating a mellow body rich in esters.
2. Nose:
   This is the most crucial and enchanting step in tasting Moutai. Moutai's aroma is incredibly complex, described as "prominent Jiang-flavor, elegant and delicate."
   • Initial sniff: Hold the glass about 2-3 cm under your nose and gently inhale. The first thing you notice is its signature "Jiang-flavor," a complex aroma similar to fermented black beans or soy sauce—rich but not pungent.
   • Deep sniff: Swirl the glass to let the liquor fully interact with the air, then sniff again. At this point, more layers are released, including a toasted bread aroma, ripe fruitiness (like apple or banana), subtle floral notes, mellow nuttiness, and the aged aroma brought by cellaring (similar to old wood or old books). These scents intertwine harmoniously, creating Moutai's unique "complex aroma."
   • Empty glass aroma: Don't wash the glass immediately after finishing. After leaving it for a while, smell the empty glass; you can still detect a long-lasting, comforting aroma. This "lingering empty-glass aroma" is a hallmark trait of premium Jiang-flavor Baijiu.
3. Palate:
   Take a small sip (about 2-3 ml) and let the liquor spread over your palate and tongue. Feel it carefully.
   • Entry: Moutai's initial sensation is mellow and soft. Despite its 53% alcohol content, it does not feel spicy or irritating; instead, it goes down very smoothly.
   • Mid-palate: You will feel a full-bodied Jiang-flavor and rich layering in the mouth. The slight acidity, sweetness, bitterness, and saltiness are perfectly balanced, offering a full and rounded mouthfeel.
   • Finish: After swallowing, a long, sweet aroma rises from the depths of your throat—this is the "long finish." The sensation of returning sweetness and salivation lasts a long time, refreshing the mind and spirit.

Basic Tips for Identifying Authenticity

The Moutai market is a mixed bag, and authenticating it is a profound study. For ordinary consumers, mastering foolproof authentication techniques is very difficult, but knowing basic common sense helps mitigate risk. The most important rule is: Always buy from reliable channels.

• Choose official channels: When buying Moutai, especially in Hong Kong, always choose reputable authorized dealers, large chain supermarkets, or well-known liquor specialty stores. Be highly vigilant against Moutai priced significantly below market value.
• Examine the packaging: The Moutai Distillery invests heavily in anti-counterfeiting. Carefully inspect the printing quality, font clarity, and pattern details on the outer box. Genuine packaging, labels, and caps are exquisitely made, with details that are hard to mimic.
• Check the cap and ribbon: The red cap of Flying Fairy Moutai features a special anti-counterfeiting mark that changes color at different angles. The red ribbon at the neck is another checkpoint; genuine ribbons have strict standards for texture, length, straightness, and an exclusive inner weaving method.
• Use the official APP: Moutai has launched a traceability system utilizing NFC functionality. For newer vintages of Moutai, you can use an NFC-enabled smartphone to download the official APP and scan the top of the bottle cap for verification.

Despite these tips, high-quality fakes remain hard for ordinary people to spot. Therefore, reiterating once more: choosing an absolutely reliable purchasing channel is the most fundamental guarantee to avoid buying fake goods.

6. Summary: The Charm of Moutai at a Glance

Through the detailed discussion above, we can see that Moutai's charm is multi-dimensional. It is not only the pinnacle of Chinese Baijiu but also a flowing history, exquisite craftsmanship, and a powerful cultural symbol. The table below briefly summarizes the core features of Moutai:

In summary, Moutai's success is no accident. It is a legend brewed on specific terroir, utilizing the most cumbersome and time-consuming traditional processes, precipitated through time, and layered with unparalleled historical opportunities and cultural halos. To understand Moutai is to understand a reverence for nature, patience with time, and adherence to tradition. We hope this article opens a window for you to more deeply appreciate this nectar from the East.

Frequently Asked Questions (FAQ) about Moutai

Q: Why is Moutai so expensive?

A: Moutai's high price stems from its scarcity. Limited by Moutai Town's geography, the lengthy 5-year production cycle (12987 process), and its attributes as an investment vehicle and social currency, supply consistently fails to meet demand.

Q: What is the difference between Flying Fairy and Five Star Moutai?

A: The liquor quality is identical. The main differences lie in trademark history (Five Star was primarily for domestic sales, Flying Fairy for export) and packaging design. Flying Fairy Moutai comes with tasting glasses, and its circulation price in the Hong Kong market is typically slightly higher.