Grape Wall

Hong Kong Tatler - - Life -

China’s wine im­ports reg­is­tered no­table growth in the first eight months of the year, mainly driven by the re­stock­ing of medium- to low-end wines af­ter three years of con­sec­u­tive de­clines from 2012 to 2014, ac­cord­ing to a re­cent re­port re­leased by Chi­nese think tank Grand­view. In ad­di­tion to re­stock­ing, con­sumer shift from beer and spir­its to wine and wine in­vest­ment also pro­pelled the surge, said Yang Zhengjian, an in­dus­try ex­pert. How­ever, the rise in ship­ments doesn’t nec­es­sar­ily mean that there are de­ple­tions in stores—and a num­ber of wine mer­chants are re­port­ing slow sales in the slug­gish Chi­nese econ­omy.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.