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China’s wine imports continue to slump in the first eight months of the year, dropping by 16.2% year on year in terms of value, with August downtown deepens, casting shadows for the upcoming holiday season.
Japan is planning to eliminate its 15% tariff on American wine imports in the next five to seven years as the two trade partners are poised to sign a deal at the end of this month.
With China’s waning demand for imported wines, Hong Kong, the gateway to the mainland market, is feeling the pain from a weakening mainland market.
China’s wine industry is probably facing the most challenging time since anti-corruption campaign in 2012 that cracked down on ostentatiousContinue Reading
China has lost out on its attractiveness as a wine market, according to the latest report by Wine Intelligence, amid the country’s slowing economic growth, escalating China-US trade war and depreciated Chinese currency.
China’s wine imports continued its downward trend in the first half of the year, dipping in both volume and value though rate has markedly slowed.
China’s imported wine sector continues to slide with double digit drops in both volume and value in the first four months of the year while Australia overtakes France as the country’s No.1 wine supplier.
China’s bottled wine imports in the first three months of the year failed to show any signs of uptick, andContinue Reading