In 1895, Witte established a state monopoly on alcohol, which became a major source of revenue for the Russian government. In 1896, he concluded the Li–Lobanov Treaty with Li Hongzhang of the Qing dynasty. One of the rights secured for Russia was the construction of the Chinese Eastern Railway across northeast China, which greatly shortened the route of the Trans-Siberian Railway to its projected eastern terminus at Vladivostok. However, following the Triple Intervention, Witte strongly opposed the Russian occupation of Liaodong Peninsula and the construction of the naval base at Port Arthur in the Russia–Qing Convention of 1898.