Wine Made in China
Firstly Kung Hei Fat Choy for Sunday! Looks like by 2017 the Chinese will be toasting in the New Year with wine Made in China. China is set to become the world's second-biggest wine consumer by 2016 but opportunities for foreign imported brands will be limited. China is ramping up it's domestic wine production with a 40% increase expected in volume over the next 4 years.
Since 2007, the country has risen from 10th to eighth in the global wine production league table, and it is expected to displace Australia and Chile to become the world's sixth biggest producer in 2016.'China will bypass the US very soon,' he said. ‘The forecast for 2016 is 250m cases. The US is about 350m, so they’re getting very close.’
More than a third of foreign visitors to Vinexpo 2013, to be held in Bordeaux in June, are expected to come from Asia.
