It's reported that Hong Kong's supermarkets released the new prices of wine after the abolishing taxes of wine and beer. The prices of some table wine, sparkling wine and red wine were reduced by 31%.

It's also said that the prices will be reduced when the products purchased before tax cut will be sold out.

Some of the Hong Kong supermarkets has reduced the prices of wine on February 28. The average prices of alcohol were 20% lower. The adjustment of prices will be finished in Match.

The prices of some foreign wine were also reduced sharply. The prices of one variety of Californian red wine reduced 31% to 152 yuan from 105 yuan. Most of the consumers welcome the abolishing of wine.