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12/13/19

Amid civil unrest and growing competition from rival events, Hong Kong's annual International Wine and Spirits Fair offered compelling speakers and insights. Felicity Carter reports.

12/13/19

Starting 2020 ankita will focus on China, European and US markets.

12/13/19

The Trump administration and China are close to finalizing a modest trade agreement that would suspend tariffs that are set to kick in Sunday, de-escalating their 17-month trade war. "We're close to a deal," said Myron Brilliant, the U.S. Chamber of Commerce's head of international affairs, who has been briefed by both sides. Brilliant said the administration has agreed to suspend Trump's plans to impose tariffs on $160 billion in Chinese imports Sunday and to reduce existing tariffs, though it wasn't clear by how much

12/09/19

The name Ao Yun means "flying above the clouds;" it's a reference to the vineyard's location beneath Meili mountain in China's Yunnan province near Tibet

12/05/19

Beaujolais Nouveau makes and interesting study, if only because it can be, and often is, written off as a fad or a gimmick.

12/02/19

Batten down the hatches: Hotels and restaurants in Hong Kong have been struggling as protests continue ... A number of events were cancelled over the past few months ... it means smaller sales forces, stricter spending on marketing and maximizing operating expenses ... the number of visitors entering Hong Kong was nearly 44 percent lower in October than in October 2018 ...

11/27/19

The 16-month dispute between the world's two biggest economies has nothing to do with wine. The Trump administration accuses China of stealing U.S. technology and forcing American companies to hand over trade secrets and has slapped tariffs on more than $360 billion worth of Chinese imports. China disputes the allegations.

11/27/19

The cabernet blend labeled Long Dai debuted at the company's winery in Qiu Shan Valley, in China's northeastern Shandong Peninsula, in September. It won't arrive in the U.S. until 2020, and only 100 cases will be imported. They'll be available at a few top shops and restaurants, but the majority of the 2,500-case inaugural release will be sold in China.

11/26/19

Overall the sale was 84% sold by lot and 89% by value with a final total of HK$28.9m (US$3.7m). Christie's reported that there was "global interest" with bidders from 13 countries, across four continents. As might be expected, the top two lots came from Domaine de la Romanée-Conti; a six-bottle case of Romanée-Conti 1999 (HK$937,500/US$120,836) and some of the 1989 (HK$750,000/US$96,669).

11/22/19

Economists warn that a prolonged dispute between the world's two largest economies is elevating risks to the global economy by disrupting supply chains, curtailing investment and curbing business confidence.

11/21/19

Carmel's Private Collection wines are consistently acclaimed for their high quality and are characterized by their fruit-forward qualities from the top Carmel national vineyards.

11/21/19

The U.S. International Trade Commission (ITC) has found "a reasonable indication" that Chinese glass manufacturers have illegally dumped glass containers in the U.S. market, according to a notice published in the Federal Register Monday. This has prompted the Department of Commerce to proceed with a further investigation into the matter to determine whether anti-dumping duties will be levied and how high they will be.

11/19/19

The strategic partnership was signed on November 14 in Sichuan, where Pernod and China's largest Baijiu producer, Wuliangye International, agreed to share infrastructure and develop their regional sales channels. This will focus on the wider Southeast Asia market at first, but they are already in talks to expand to other markets globally at a later stage.

11/18/19

Without a doubt China is one of the most fascinating growing markets for the global wine and spirits industry. While Prowine China in Shanghai is seeing an ever-increasing number of exhibitors at the show, dbHK spoke to few of the first-timers in the show (or even China) to see what attracted them to the market.

11/18/19

The proportion of trade visitors from other Chinese cities apart from Shanghai has further increased, with more trade visitors coming from Beijing, Guangdong, Xinjiang, Hainan, Shandong, Liaoning and Inner Mongolia.

11/18/19

The tariffs and taxes are scheduled to increase even further, to 106% on December 15. None of this makes California wine in China an easy sell. Lower to mid-priced wines will likely be especially hard-hit, given the bountiful options at those tiers available by competitors like Chile and New Zealand (which enjoy tariff-free status into China) and Australia, which enjoys the tailwind not only of all that buzz and more favorable tax status, but also a $50 million Export and Regional Wine Support package from the Australian government.

11/18/19

Announced by the Competition's Founding Director, Debra Meiburg, Master of Wine, a total of 58 trophies were handed out to wine, spirit, sake and now beer producers from around the world.

11/18/19

China's central bank cut rates on seven-day reverse repurchase agreements by five basis points to 2.50%, a move that nudged the yuan higher while lowering bond yields. The news helped Shanghai blue chips recoup early losses to rise 0.8%, though the initial reaction was cautious overall. MSCI's broadest index of Asia-Pacific shares outside Japan moved 0.3% higher.

11/14/19

Global drinks groups including the likes of Diageo and Pernod Ricard are targeting the Indian market, but how is the country's complex regulatory system and alcohol pricing impacting performance?

11/14/19

Since June, China has been imposing 93 percent tariffs and taxes on American wine, up from 48 percent before the hostilities began, according to the Wine Institute, a trade group for 1,000 California wineries and related businesses. Unless the two countries reach a ceasefire - and they're working on it - the levies on U.S. wine in China will ratchet up to 106 percent on Dec. 15

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