December 4, 2012 | 2:00 PM
In another demonstration of China’s growing financial clout, a Chinese industrialist has purchased a top winery in France’s Bordeaux region.
According to sources close to the deal, a 45-year-old Chinese industrial purchased Chateau Bellefont-Belcier, a Grand Cru classified estate in France’s prestigious Saint Emilion wine-making area.
French officials commented that they expect another 10 chateaux could be sold to Chinese buyers by the end of the year if bureaucratic obstacles can be overcome.
Read more, Mingtiandi.com
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