"Low-quality plastic packages and raw materials will lead to foods and beverages having excessive plasticizers. Some business people may even artificially add plasticizers to make their products look dense and tasty," Wang said, noting that the public should only believe official food safety reports issued by the authorities.
Fan Zhen, deputy general manager of Jiugui Liquor Co, told China National Radio Monday that the company has discussed the matter with 21cbh.com and could not verify that the tested liquor product was produced by Jiugui.
Intertek China test results are dubious since the third party certification company is a commercial agency, but Jiugui has submitted its products to an authoritative testing department, Fan said, adding that the company is unsure when its stock will resume trading on the Shenzhen Stock Exchange.
The report of 21cbh.com deepened stock market gloom in the domestic liquor industry.
Shenzhen-listed Hengshui Laobaigan Liquor closed its shares 10.01 percent lower, Shenzhen-listed Wuliangye Yibin Co's stock was pulled down 5.82 percent and Shanghai-listed Kweichow Moutai Co's shares dropped 4.61 percent.
Notwithstanding the influence of this report, the drop in the liquor stock market is normal, as previous stock prices have been riding too high and demand is currently diminishing amid the sluggish economy, said Fan Jie, an industry analyst from Adfaith Consulting.
Landmark building should respect the public's feeling
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