The widely reported fine wine boom in China never really happened according to Simon Staples of Berry Bros & Rudd.
Hong Kong has signed a deal with Chinese customs officials introducing an online system designed to dramatically speed up wine shipments to the mainland.
An agreement by Pacific countries to standardise acceptable limits of chemical residue in wine could mean massive savings for Australian winemakers.
With the opening of a new Hong Kong office and signing a distribution deal with COFCO in China, Australian Vintage is ramping up its activities in Asia.
Sharp declines in shipments to the Far East and Europe have brought an end to Cognac’s three consecutive years of record growth.
France is on track to take back the title of world’s biggest global wine producer from Italy.
Australian Vintage has opened a new office in Hong Kong as it seeks to grow its Asian business and capitalise on the new distribution deal with COFCO.
Chinese government austerity measures have hurt sales of fine wines, but domestic producers are stepping up production to meet demand for affordable drops.
Several years of heavy investment in China has been blamed by many spirits producers as the root cause of a string of depressed annual results.
The Wine and Spirits Education Trust has expanded its Chinese language programme to include its level 3 course.
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