Your ultimate source for everything related to China's wine market
China has announced today that it will slap up to 212% temporary anti-dumping tariff on Australian wine exports starting from this Saturday, with Treasury Wine Estates hit with the sharpest so far, escalating the two countries’ fraught trade and political relations.
With China’s de facto wine ban on Australian wine dimming its future, Chile, currently China’s third biggest wine supplier after Australia and France, might emerge as the only winner out of the ongoing China-Australia trade rows.
ProWine China 2020 drew higher trade visitor numbers despite Covid-19 and international travel restrictions.
A combination of economic slowdown and political crisis, coupled with the coronavirus pandemic has brought Bourgogne wine export to China and Hong Kong to its knees in the first nine months of the year, according to the latest data released by Bourgogne Wine Board (BIVB).
Simone Incontro, General Manager of Veronafiere Asia, soberly warns of a struggling Chinese wine market while outlining a strong pipeline of opportunities in natural and Chinese wines, as the Veronafiere executive gears up for a new B2B wine exhibition to facilitate drinks trade in China on the back of the country’s accelerating recovery.
Leading wine importer ASC Fine Wines has signed a major deal with American drinks giant, Constellation Brands Inc., to exclusively import and distribute its crown jewel wine brand, Robert Mondavi, in mainland China.
Australian wine giant Treasury Wine Estates has officially halted its plan to demerge its most popular wine brand, Penfolds, as its biggest export market China mounts tariff threats and wine ban.
In this explainer, we laid out all the facts surrounding China’s shocking ban on Australian wine imports, as well as reactions from Australian, Chinese governments, importers, logistics companies and wineries.
In a significant escalation of tensions, China has ordered merchants to stop purchasing at least seven categories of Australian commodities including wine starting from this Friday, according to a leaked memo.
Has China’s wine appetite returned? Where is the country heading in the post-pandemic market? Much of it will perhaps be answered at the upcoming Wine to Asia wine fair in Shenzhen.