wine imports
Ganbei! Demand For High-End Spirits Buoys Chinese Producers
Though they may privately fret about the potential effects of Beijing's current clampdown on public spending on high-end Chinese spirits at official banquets, home-grown liquor producers like Kweichow Moutai continued to record strong profits in the third quarter of the year. Read MoreArgentina Winemakers Hope To Challenge French Dominance In China
However, with wine consumption growing not only among wealthy Chinese, but also the country's younger, urban middle-class drinkers, opportunities are arising for New World and (non-French) Old World winemakers as well. Read MoreChina, Hong Kong “Confirm Dominance Of Bordeaux” In Global Wine Market
Wineries from Burgundy and the Loire Valley in France, as well as the U.S., Canada, Australia, Chile and Italy may be working overtime to catch up, but for the time being it appears that mighty Bordeaux still has a healthy head start in China's wine market. Read MoreChinese-Owned Bordeaux Chateau Looks East
With China surpassing Germany and the UK to become the Bordeaux's largest export market, and Bordeaux mainstays like Château Lafite becoming the bottles of choice for Chinese collectors, it's no surprise Chinese buyers have swept into the region. Read MoreChina Now World’s Largest Importer Of Bordeaux Wines
According to figures recently released by the Bordeaux Wine Industry Association (CIVB), last year China surpassed Germany to become the world's largest importer of French Bordeaux wines in terms of wine volume as well as transaction volume. Read More