Wine consumption declined last year
Wine consumption in China — the fifth-largest buyer of red, white, rose and sparkling wine — fell for the first time in 2013 after almost a decade of robust annual growth at around 25 percent.
The decline was 2 percent from the previous year, the latest study on the global wine and spirits market revealed.
The sales decrease has mainly hit domestically produced wine, according to the study, while imported wine has enjoyed uninterrupted double-digit growth between 2007 and 2013.
The Chinese government’s fight against corruption since the end of 2012, which strictly prohibits fine dining and presenting gifts paid for with public money, may have had an effect on wine sales, Xavier de Eizaguirre, chairman of Vinexpo, the world’s leading wine and spirits exhibition, told China Daily. (Photo 2)