South China’s leading wine company announces closure
Dashui Wine, the leading wine and spirits company in South China, has announced in a letter that it’s closing its business for good, due to the pandemic.
Category: China
China blocked 3,000 bottles of Penfolds over “labelling issue”
Chinese customs authorities have blocked around 20,000 bottles of Australian wines, including Australian flagship wine brand, Penfolds, over what it calls a “labelling issue”, as Australian wine exports to China essentially ground to a halt, after being slapped with 212% anti-dumping tariff.
Ningxia wine exports rose 46.4% in 2020
Ningxia, China’s premier wine region in northwestern China, seems to have uncorked more overseas markets in the pandemic year, with a record year of wines exported, according to data released by the province’s customs department.
TWE profits down 24% due to pandemic and China tariffs
Global pandemic coupled with China’s crushing anti-dumping tariffs on Australian wines have shaved off 24% of profits for Australian wine giant, Treasury Wine Estates, parent company of Penfolds.
China’s biggest wine fair postpones to April
China’s biggest wine and spirits trade fair has announced that it will postpone its fair schedule from originally planned March to April, after the hosting province issued a directive to ban large-scale, sales-oriented gatherings as part of its precautionary measures following small clusters of infection.
Australian wine exports clipped by China tariffs
Australian wine exports slowed in the 12 months to December 2020, significantly clipped by China’s punitive tariffs in the last two months of the year that nearly flatlined December exports, according to Wine Australia’s latest Export Report released today.
Chinese Customs blocked 4 tons of Australian wine
Chinese customs has blocked the entry of four tons of Australian wines citing contaminated cork as the main cause for its decision, as relations between the two trading partners sinks to all time low.
Breaking: WSET suspends operation in China
The WSET, the largest global provider of wines and spirits qualifications, has suspended its operation in China indefinitely, after it was reported that the education provider allegedly failed to comply with the country’s education laws and non-governmental organization (NGO) management law.
First Chinese TV show on Italian wine launched on ‘China’s Youtube’
A first-ever new Chinese TV show on Italian wine that marries The Bachelorette-like reality TV flair with adrenalin-filled adventures is hitting China’s biggest streaming and video platform Youku.
China’s leading supermarket operator Yonghui invests $31m in wine
China’s leading supermarket operator, Yonghui Superstores, is betting big on wine, buoyed by the country’s wine consumption potential.