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Struggling Chinese baijiu sales weigh on Diageo?

By Ben Bouckley+

Last updated on 28-Jul-2014 at 15:50 GMT2014-07-28T15:50:42Z

Struggling Chinese baijiu sales weigh on Diageo?

Diageo reportedly plans to write down the value of its stake in China baijiu brand Shui Jing Fang, as the government's anti-extravagance drive hits sales.

That's according to the Financial Times, which claims Diageo will announce the move this Thursday when it reports its full-year results.

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