Consumption of bottled spirits in China has increased at a compound annual growth rate of 20 percent over the past five years, according to data from the National Statistics Bureau.

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Volumes of spirits in China are expected to rise 16% a year on average between 2013 and 2016, a slowdown from the 21% growth that occurred between 2006 and 2011, according to Euromonitor.

WSJ: Diageo, Remy Flag Asia Woes

European drinks makers, along with other consumer-goods companies, have pushed deeper into developing markets such as China and Russia in recent years, hoping to offset slowing sales of premium spirits in austerity-hit Europe.

WSJ: Diageo, Remy Flag Asia Woes