The number of catering businesses that deregistered or closed reached an alarming number of 1.056 million in first half of the year, nearly equaling the total for the entire year of 2023. Read More
China
Here are China's top wine importers by region based on customs data in the first half of the year. Read More
Australia's surge is a welcome news but one of the top 50 wine importers in China told us 2024 is the worst year he has ever encountered in his professional life. Our full analysis on H1 wine import data. Read More
This week, China will hold a hearing on the EU brandy anti-dumping investigation, paving the way for final announcement on punitive tariffs. Read More
China is expected to become a full member of the OIV this November, giving the country greater influence in formulating international standards and regulations on wine production and consumption. Read More
ASC Fine Wines and Germany’s Robert Weil are set to launch a new wine called Saphir in the Chinese market, capitalizing on the growing popularity of Riesling. Read More
Imported wines in China might get more expensive with the new consumption tax reform discussions. The proposed reform has drawn significant attention from the wine trade within the country, splitting opinions. Read More
On July 1, the China-Serbia Free Trade Agreement (FTA) officially came into effect, setting the stage for zero tariffs on Serbian wine within five years. Read More
The "Wonder with ASC" events, featuring an expanded portfolio that includes returning Australian wine icons and new brands, signify what the company hailed as "a potential new growth phase" for its development in China’s on-premise and direct sales channels. Read More
The emergence of "professional fake-busters" in China, initially seen as a defense against counterfeit goods, has taken a troubling turn as these individuals now exploit regulatory loopholes to extort money from businesses, particularly targeting the imported wine sector. Read More