China reports sharpest wine sales decline during outbreak
The first set of official figures released by China’s alcoholic drinks trade body confirmed what everyone was fearing that theContinue Reading
Category: China
Breaking: Telford drops Bottega over China comments
The controversy surrounding Italian Prosecco producer Bottega Spa escalated quickly, as its Chinese wine importers formally terminated distribution agreement withContinue Reading
Bottega founder demands China to compensate for coronavirus damage
Sandro Bottega, the founder of Italian Prosecco producer Bottega SPA in Treviso, wrote in an open letter to demand ChinaContinue Reading
Chengdu Wine and Spirits Fair rescheduled in May
The Chengdu wine and spirits fair, the biggest trade fair for alcoholic beverage inside mainland China, has announced its newContinue Reading
Champagne Deutz draws backlash over China comments
On Sunday night when people normally are calling early nights ahead of Monday, a Facebook post by the son ofContinue Reading
China’s wine industry will take a long time to recover from coronavirus
China’s wine industry is having arguably the biggest survival test since financial crisis in 2008, as many wine merchants whoContinue Reading
IMW adds one more Chinese Master of Wine
The Institute of Masters of Wine has announced seven new Masters of Wine, from five different countries, with one newly added Chinese national, Lin Liu MW.
TWE: wine consumption in China ‘significantly impacted’ by outbreak
After previously adjusting its earning forecast from 10-15% down to 5-10%, the Australian wine giant Treasury Wine Estates has nowContinue Reading
China’s wine imports in 2019 tumble to record low in recent years
China’s wine market in 2019 suffered a huge blow as latest figures released by the country’s drinks trade body showed that wine imports during the year slipped to the lowest level since 2017, as a result of the country’s slowing economy and US-trade war.
Chinese economist: Q1 growth will be 0%, or worst
A leading Chinese economist estimated that China’s first quarter growth will be 0% or worse, warning that previous prediction dismissing COVID-19’s mid- and long-term impacts on China’s economic growth is wishful thinking.