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
Imported wine
Wary of domestic wines losing out to imported wines, a Chinese official has called for tax removals to help Chinese wine outcompete imported wines. Read More
Fujian, the coastal province that sits across Taiwan, is an important wine consumption market in China that should be on any merchant and winery's radar. Did you know that unlike most Chinese provinces Fujian's wine consumption outweighs Baijiu? Read More
Adult Koreans drink 83 bottles of beer a year, nearly two bottles a week and the biggest supplier for imported beer to the country is none other than its Asian neighbor. Read More
Japanese wine drinkers will have to dig deep to pay for their favorite bottles as wine retailers and merchants in the country pass on price hikes to end consumers as Japanese yen continues to depreciate. Read More
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
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
South Korea's wine imports soared over 70% in 2021 to reach a record high, making it the fastest growing Asian market for wine, as more wine drinkers turn to home consumption during the pandemic.
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