In one of its grimmer estimates, Liv-ex warned that with China’s sagging economic growth and political uncertainties, its allure for global wine merchants has dimmed and the country “will not be riding to the rescue of the global wine trade in difficult times ahead”. Read More
China
Enoteca Shanghai, the Chinese division of the leading Asian wine retailer Enoteca, has become the exclusive partner of Alsace's pioneering biodynamic producer Domaine Marcel Deiss for mainland China, as the retailer eyes the winery's "natural wine appeal" to the country's wine lovers. Read More
North Korean ruling elites’ penchant demand for fine wines and spirits has revived China’s liquor exports to the isolated country, two years after it sealed off its borders in early 2020 in face of Covid. Read More
Chinese Canadian winery owner who spent five years in a Chinese prison on charges of ice wine smuggling has defiantly maintained his innocence and recalled being "treated like corpses on a battlefield," in his first interview after release. Read More
Australia’s annual wine exports contracted 11% in value to AU$2.01 billion but Wine Australia is sanguine about its future as it is seeing “the tail end of the decline” in exports to mainland China. Read More
China mulls cutting down hotel quarantine to 2 days and its new Q3 data suggests better-than-expected result as the country welcomes a new leadership. Read More
China’s millennials and Gen Z who wield “considerable purchasing power” are reshaping China’s multi-billion wine market, as they become the main drinking force behind expanding country’s overall wine market size and per capita consumption in the next five years. Read More
For anyone hoping that China would open up after 20th Party Congress, you will have to wait longer. Meanwhile a set of data is causing concerns in the trade as it estimates the country faces a RMB 300 billion alcohol glut. Read More
Walmart, the supermarket chain operator, has taken up two boutique Bourgogne estates from lesser-known Bourgogne appellations, for its membership store Sam’s Club across China, as it beefs up its Bourgogne portfolio to attract the country’s expanding urbanites. Read More
Rumors of a possible alcohol ban within Chinese Communist Party and government organizations have sent liquor giant Kweichow Moutai's stocks briefly tumbling, wiping out millions of stock value, just when the liquor company has overtaken Tencent as the country's most valuable firm. Read More