Decline is accelerating for China’s wine and spirits imports in the January-August period, sending worrying signs to the country’s drinks trade that has been pummelled by the onslaught of the country’s strict covid restrictions, supply chain price hikes and logistics nightmares for almost 3 years. Read More
Zero Covid Policy
For anyone hoping that China would open up after 20th Party Congress, you will have to wait longer. Meanwhile a set of data is causing concerns in the trade as it estimates the country faces a RMB 300 billion alcohol glut. 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
China's biggest wine and spirits fair reportedly has set new dates after it was twice rescheduled, but lack of international visitors still undermines its reach. Read More
Latest China Customs data shows the continual decline of China's wine imports, as the ‘zero covid policy’ upheld by the country with 52 million wine drinkers continues to weigh down on demand. Read More
Hong Kong's wine market rebounded with vengeance in 2021 but with the city imposing the toughest Covid curbs yet, will 2022 reverse all gains? Read More
Pernod Ricard, one of the biggest spirits companies in the world, is temporarily relocating its executives outside of Hong Kong, as the city clings onto its self isolation in face of record-breaking Covid cases. Read More