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
China
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
Following a bombastic post by China's official trade organ stating a sweeping ban on Australian and New Zealand imports, both governments have come out to disperse the rumor, after it caused widespread fear and panic threatening billions of exports. Read More
China is suspending all imports from Australia and New Zealand including dairy, beef, agricultural products and wines with immediate effects, a significant escalation of tensions between China and its pacific neighbors. Read More
Treasury Wine Estates (TWE), the parent company of popular brand Penfolds, has secured a landmark win in China's highest court against Penfolds copycat 'Rush Rich' after six years of legal battle spanning courts in Australia and China. Read More
Bernard Magrez, the savvy wine entrepreneur who already has four classified Bordeaux estates under his name, has launched an ultra-premium Chinese wine range that is bent on “changing overseas wine consumers’ perception of Chinese wine”. Read More
ASC Fine Wines has become the exclusive importer and distributor of L'Âme de Pape Clément, the latest addition to the famed Graves estate Château Pape Clément for the country’s premium wine market including Hong Kong and Macau. Read More