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  Regional News: Asia
 
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Date
04/18/14
Wine opinion: entry-level offerings win favour at Shanghai tasting
While anti-corruption laws have had a negative impact on the previously brisk sales of big-name wines, there is now a greater interest in entry level and good value wines. These might be from large Chinese vineyards or imports with a good pedigree. Imports have been helped by the resolution of a trade dispute between the mainland and the European Union.
04/11/14
China splurges 430% more on 'expensive wine'
China is now the world's second biggest consumer of high-priced wines, following the US, according to a report prepared ahead of international wine show, Vinexpo.
04/10/14
Latest evidence the party is over in China? Chinese are drinking less wine
That's why China's emergence as a wine-buying powerhouse has been a godsend for the industry. For each year of the last decade, Chinese wine consumption by volume surged roughly 25%, according to Vinexpo, a wine intelligence research company. (Its "China" data includes Hong Kong.) Except, that is, last year. Chinese wine consumption dropped 2.2% annually in 2013, says Vinexpo. The main culprits? Importers cite president Xi Jinping's anti-graft crackdown, says Vinexpo's Anne Cusson, as well the slowing of the Chinese economy.
04/09/14
China now the second biggest consumer of high-priced wine
Country also the biggest consumer of red wine, and industry sees sales continuing to grow
04/07/14
Wine Buyers in Asia Find Their Confidence
Fine wine comes at a price in Asia, but there are plenty of buyers. Asian consumers have become a major factor in the global wine market, with China overtaking France and Italy last year as the biggest consumer of red wine. Now, customers in the region are getting more sophisticated, educated and diverse in their wine choices.
04/03/14
Italy weighs up options in China
Vinitaly International hosted a roundtable event in China recently to try and see how Italian imports to the country might be lifted into double figures.
03/26/14
Global wine industry gambles on North America and China
The USA, Canada and China are to remain top investment targets for importers for the next 20 years according to a report by Wine Intelligence.
03/26/14
VATS Liquor and Constellation Brands Collaborate to Build the Iconic Robert Mondavi Brand in China
The strategic agreement between VATS Liquor and Constellation is anticipated to last for a few decades. Both companies will work to grow the marketplace share of the Robert Mondavi brand through Constellation's brand management expertise and VATS' vast distribution network and knowledge of the Chinese consumer
03/24/14
China Drops European Wine Dumping Inquiry
The announcement came on the eve of Chinese President Xi Jinping's visit to Europe. The ministry said in a statement that after six rounds of talks since November, Chinese and European wine industry groups signed a memorandum of understanding on Tuesday to "solve the dispute through cooperation".
03/11/14
India likely to consume 2.1 million cases of wine by 2017
Wine consumption in India is likely increase to 2.1 million cases by 2017, 73 percent higher than 1.21 million cases in 2013, said a survey today. Spirits consumption is also likely to increase in the next five years to 373.5 million cases, an increase of over 20 percent from 2013 level, said the study by Vinexpo.
03/05/14
Research and Development Trend of China Fruit Wine Market, 2014-2018
Research and Development Trend of China Fruit Wine Market, 2014-2018 mainly conducts in-depth market survey on the status of fruit wine industry, analyzes market status, major problems of China's fruit wine market, business performances of domestic major enterprises, meanwhile offers suggestions for this industry, so as to make enterprises know this industry better and provide decision-making references for investors.
03/04/14
Indian market sends mixed message
A report that India's domestic wine market is growing at 30% a year has been tempered by a warning that many of the country's producers are facing bankruptcy.
02/28/14
China Uncovered: Interview With One Of The Largest Wine Importers In China
BTN Interviews Ian Ford, the General Manager and Co-Founder of Summergate Fine Wines, on What Wine Importers Look for when Sourcing New Brands as Long Term Supply Partners
02/21/14
Half year operating profits significantly down at Treasury Wine Estates
Half-year operating profits at Treasury Wine Estates fell by 38% to A$45.8 million, which it blamed on increased marketing and distribution investment and challenging conditions in Asia and Australia.
02/20/14
Body of Bordeaux Wine Estate's Chinese Owner Found
The body of Chinese billioniare Lam Kok, a 46-year-old tea magnate who sealed the biggest deal ever made by a Chinese national on a Bordeaux wine estate in December, has finally been recovered - two months after going missing in a helicopter crash.
02/18/14
Suntory to Focus Beam on Global Markets
Suntory Holdings Ltd. tried to cast aside any lingering doubts that its $13.6 billion acquisition of Beam Inc. is overpriced, saying it will successfully capitalize on the overseas brand recognition of the U.S. whiskey maker as it transforms into a global spirits player.
02/13/14
Robert Parker to start world tour in Beijing
According to Parker, the events have been designed to engage wine lovers at multiple levels. Each city on the tour will have a two-part program with a selection of wines tailored to the city.
02/10/14
The People's Republic of Wine
One of China's most respected sommeliers on the country's unquenchable thirst for fine wine
01/27/14
APEC Would Like to Remove "Wine Trade Barriers" in Asia
this is a press release in the form of a "feature story" from the Asia Pacific Economic Cooperation
01/27/14
China's New Obsession: French Wine
worldwide wine consumption is expected to grow almost 9 percent, to $182 billion, by 2016, with a large chunk of the demand coming from China
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