Global Research ab 16 March 2026 First Read European Beverages Expert call feedback on Chinese Spirits - Cautiously optimistic on 2026 UBS view: We hosted an expert call on the evolving dynamics of the China spirits market after the key Chinese New Year (CNY) selling period. The overall message on 2026 was cautiously optimistic . We note positives such as 1) slightly improving consumer confidence, 2) positive growth in mainstream spirits and 3) less impact from public servant alcohol ban. However, ultra/sup ...