China’s middle class soaks up wine glut – The Australian

From The Australian:

AWBC corporate affairs manager Eric Wisgard said Australian winemakers had received a boost in the Chinese market from a recent reduction on tariffs on wine from 65 per cent to 14 per cent, and by rising Chinese affluence. “There’s a growing , and there is quite a move to adopt Western symbols of success,” he said.

“They’re looking for international brand names and other signs of Western-style affluence, and wine fits into that quite comfortably.” [Full Text]

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