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CANBERRA--Australian wine makers have shipped millions of bottles of wine to Hong Kong in a bet that China will soon lift tariffs on Australian wine and revive a trade worth hundreds of millions of dollars, according to industry figures and trade data.
Australian wine makers have shipped millions of bottles of wine to Hong Kong in a bet that China will soon lift tariffs on Australian wine.
Treasury Wine Estates’ Hong Kong market showed “significant growth” during 2023, as the group awaits an outcome on China’s tariff reviews.
Goodman Group doubles down on data centres, Treasury bets on a China boost, Magellan unveils an unusual C-Suite reshuffle and Pro Medicus takes a breather.
Shares of Treasury Wine Estates shot to a three-month high after it said core profit met expectations and it was ready to ship wine to China.