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How China is devastating Australia's billion-dollar wine industry weny.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from weny.com Daily Mail and Mail on Sunday newspapers.
The Straits Times China s love affair with Australian wine ends in a messy breakup Bottles of Australian wine are seen at a store selling imported wine in Beijing on Nov 27, 2020.PHOTO: REUTERS PublishedDec 13, 2020, 11:33 am SGT https://str.sg/JaQP They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. ....
China’s Love Affair With Australian Wine Ends in a Messy Breakup Bloomberg 12/12/2020 (Bloomberg) Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and Popular Searches China’s assault on Australia’s wine industry is becoming quite the buzzkill. The latest round of tariffs which could push import duties to over 215% in total have left Australia’s winemakers reeling. Over the past 25 years, China, with its growing middle class and appetite for cool region Shiraz, Cabernet Sauvignon and other big reds, has become Australia’s biggest and most enthusiastic customer. Australia surpassed France as the top exporter to the country by value in 2019; last year, China spent A$1.2 billion ($904 million) on imports, about 40% of Australia’s total shipments, according to Wine Australia. ....