China’s October wine imports surge on Australian wine rush
China’s October wine imports surged for the first time this year as merchants rush to stockpile Australian wines before any hefty punitive tariffs that have now come into effect this month.
Tag: China
TWE eyes other markets and a possible China production base
Treasury Wine Estates has announced today that it will pivot towards other luxury markets to offset its loss in China and hints at opening a new production base in the country.
Pandemic halts Bourgogne growth in China & Hong Kong
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).
ASC becomes exclusive importer of Robert Mondavi in China
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.
Breaking: China to ban imports of Australian wine
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.
Australian wine exports surge despite Covid and China’s tariff threat
Australian wine exports surged 4% on steady global demand in the 12 months ended in September amid a pandemic and tariff threats from its most profitable market – China.
China’s wine imports continue to slide in first nine months
China’s wine imports in the first nine months of the year continued a worrying double-digit slide, but rush for importers to stockpile Australian wine before punitive tariffs hit resuscitated imports in September.
Australian mining magnate eyes to buy Penfolds
Australia’s mining magnate, Andrew Forrest, is eyeing to buy the iconic Australian wine brand Penfolds, after its parent company Treasury Wine Estates floated the idea of demerging the brand earlier this year.
China to reopen borders for foreigners
Foreigners with valid residence permits for work, personal matters and family reunion will be allowed to enter China again.
Vinitaly wraps its ‘first internationally attended’ roadshow in China
Is the coronavirus pandemic behind China? Response from Vinitaly China roadshow seems to suggest so.