Maotai spends 1 billion to acquire land

In today’s recession in the real estate market, basically few private real estate companies dare to acquire land, and several state-owned real estate companies are also full of strong sense of mission. At this time, the subsidiaries of the Moutai Group spent more than 1 billion yuan to acquire land, and the planned uses were all commercial and residential properties that were not easy to sell. People have to think that this is a market-oriented decision made by Moutai based on the existing market? Or is it the “task” assigned to be the richest big state-owned enterprise in the region? It can be seen from the industry’s evaluation of “assuming the social responsibility of local state-owned enterprises”, this may not be a market-oriented behavior. As far as the local government is concerned, it has spent a lot on epidemic prevention in recent years, and the unsustainable land finance has put the local finance in trouble. Moutai can be regarded as “generously donating” this time.