Treasury Wine Estate (TWE), the parent company of popular Australian wine brand Penfolds, revealed its revenue in mainland China has plunged by more than 97% or about AU$76.2 million from July to December 2021 due to China’s crushing anti-dumping tariffs. Read More
China
Wineries selling wines to China might have a problem: Chinese consumers are not drinking enough imported wines, and more often than not, they are reaching for a bottle of domestically produced Chinese wine. Read More
Customs officers in Shenzhen Bay Port have seized RMB 1.5 million (US$ 236,637) worth of fine wines smuggled from tax-free Hong Kong to mainland China, mostly consisting of Australian wines. Read More
A court in Shanghai has recently prosecuted three fraudsters who churned out and sold counterfeit Bordeaux wines worth RMB 1.4 million (US$220,174). Read More
China’s harsh anti-dumping tariff imposed on Australian wine has cost Australian wine industry AU$ 1 billion, according to the country’s wine trade body, resulting in a 30% decrease in Australia’s overall wine exports last year. Read More
A wine importer in China has been handed a one-year-and-three-month sentence and a hefty fine of RMB 550,000 (US $86,460) for wine smuggling, taking advantage of cross-border e-commerce platforms that more than halved wine taxes. Read More
China’s regional court has convicted four men of counterfeiting Penfolds’ trademark, after uncovering more than 1,140 bottles of fake Penfolds and 500kg of unbottled bulk wines during a police operation last January. Read More
Robert Parker’s Wine Advocate has released the first edition of top 10 fine wines in China and awarded for the first time a high score of 95 to a Chinese wine. Read More
China's imported wines are going on a downward spiral in 2021 and market outlook for 2022 is not looking brighter. Read More
Hosting Chinese New Year dinner parties at home always seems daunting. We fret over social distancing rules in the era of pandemic, food selections and guest allergies, so picking wines should be a snap. Read More