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Pernod Ricard expects strong growth in China

Pernod Ricard SA CEO Alexandre Ricard expressed his optimism in the Chinese market amid growing demand for premium drinks, Reuters reported June 6.

The French distillery estimates sales in China to grow by as much as low-double figures in percentage terms in the coming years, Ricard told the news agency in an interview.

According to the report, China comprises around 9% of the company's global sales worth €9 billion. China is the company's second-largest market after the United States.