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Speaking at a ceremony marking the release of the index on March 22, Lu Zhengmin, a leading official from the Ministry of Commerce, said the market trends of the Luzhou liquor market had a major impact on the liquor market of Sichuan and the whole country. The release of the index, the first of its kind in the country, would help liquor enterprises understand the development trends and provide information for governments at different levels to make scientific liquor development policies.
Since the compilation of the index kicked off three years ago, it won the support of the Ministry of Commerce, the National Bureau of Statistics, Sichuan provincial and Luzhou municipal governments, and the technical backing of the Southwestern University of Finance and Economics, Chengdu University of Information, the Sichuan Provincial Department of Commerce and the Sichuan Survey Corps, said Luzhou mayor Liu Qiang.
The compilation of the index had introduced the internationally accepted pull chain price index theory and method. In the compiling process, sample sites had been chosen in Sichuan to select some products.
To ensure the reliability of data, it had been submitted at fixed sites by designated people at fixed time. Online direct reporting had been introduced, too, he said.
Ltd, the center has a planned area of , square meters. The Alcohol Product Trade Center of China whose construction was completed in , is designated to build the customer-oriented, powerful integrated electronic trading service platform. The library of its basic liquor delivery has reached the scale of , tons.