Prior to the pandemic, Chinese tourists were the largest source of tourism revenue globally. Read More
Hainan
After removing tariffs, Hainan, China’s biggest duty-free market, is planning to remove VAT and excise tax for imported wine and spirits in a bold move to boost its attractiveness for tourists. Read More
Hong Kong is losing its allure as a shopping paradise to deep-pocketed mainland tourists living in Greater Bay Area. Read More
It's an intense week in China. The unfolding Taiwan Strait crisis and newly imposed lockdowns in Sanya and Yiwu could spook market and investors. But in Hong Kong, the city has finally cut hotel quarantine to 3 days. Read More
Penfolds, the flagship Australian wine brand owned by Treasury Wine Estates, is far from winding down its business in China in wake of crushing tariffs, and has just unveiled a China-exclusive wine with the country's VATS Liquor Store, a nationwide wine and spirits distributor. Read More
China's biggest duty-free island province, Hainan, has reported RMB 46.8 billion in sales from last July to June this year, aided by increased spending limit and global travel restrictions. Read More
Strong performances in China and the US have shielded multinational drinks companies from the fallout of Covid-19 in recent months, according to analysis from IWSR. Read More
US-China relations are all time low, raising fear that the two countries are heading for a complete decoupling. Meanwhile, good news for wine and spirits in Hainan. Read More
Here are your essential readings on China's wine market this week: Chinese president Xi Jinping made a rare visit to Chinese wine region Ningxia last week, while Beijing is pushing to build Hainan as a free trade port like Hong Kong. Read More