The value of the wines involved would make it the largest wine smuggling case uncovered in recent years in China, and the amount of taxes evaded according to the report alone amounted to RMB 127 million (US$17.5 million). Read More
China
China's biggest wine and spirits fair, China Food and Drinks Fair (CFDF), has finally set a date for November merging the spring edition of the fair with autumn edition, after experiencing several delays due to the country's strict zero Covid policy that have disrupted large-scale events. Read More
In the era of climate change and water crisis, more companies are pouring resources to empower next generations with knowledge to conserve and protect water before the tap runs dry. Read More
The Universal Wine Museum, a mammoth project between Cité du Vin de Bordeaux and China, is expected to open its doors in Beijing in 2024. Read More
65 million people in China are placed under lockdown, and the CCP has finally announced dates for its 20th Party Congress, which means non-essential large scale wine events all have to be rescheduled. Read More
China’s wine and spirits imports in the first half of the year continued to drop due to sporadic lockdowns, while whisky surprisingly beat market gloom and signs of recovery in wine started to emerge after May. Read More
Chinese Customs authorities in Gongbei, Guangdong have seized RMB 35 million (US$5.04 million) worth of smuggled Penfolds that were funnelled from tax-free Macau to mainland China, as demand for the popular Australian wine brand continues to remain high despite crushing tariffs. Read More
Huawei founder gave his starkest warning on local and global economy, raising alarm for the country's business community, while leading Baijiu companies are eyeing whisky for the next growth opportunity. Read More
China’s wine specialist, China Wine and Spirits (CWS), has become the exclusive importer for the historic Bourgogne house Edouard Delaunay for the mainland market, as consumer demand for Burgundy continues to rise. Read More
Treasury Wine Estates, Australia’s biggest listed wine company, posted a 5.3% growth in annual profits in fiscal year 2022 but its flagship wine Penfolds’ overall … Read More