The Cause of China Life Moutai Incident

The cause of the Maotai incident of China Life Insurance Company is the poor management of Maotai Group. Specifically, Maotai Liquor Group has relaxed its political and ideological construction for a long time, and problems such as "inbreeding" are intertwined, and "circle culture" is deeply rooted, which leads to disorder and inefficiency in institutional setup. At the same time, Moutai was collected and sold by some people waiting for appreciation, which also affected the supply of Moutai. The influence of these factors is the same, which leads to the price fluctuation and market chaos of Moutai.