SEARCH:
  Home

Login /  Register
 
Chinese wine industry matures
CCTV.com by 2008-7-24 11:27:29   

Learning to drink wine is part of changing lifestyles across the country. And that means plenty of opportunity for local wine makers. They're upping standards to meet ever-more demanding consumers.


The coastal city of Yantai, home to over 10-thousand hectares of vineyards in Shandong Province, is regarded as China's Bordeaux by the locals. Dozens of wine companies have set up operations in the region, as domestic demand for wine surges. Some studies indicate that by 2011, Chinese drinkers are expected to down over 1.1 billion bottles of wine a year, double the figure in 2007.


More than 100 wineries have opened since 1996, and there are an estimated 500 vineyards across China. Many local producers are developing higher quality products to tap into the increased purchasing power and sophistication of wine drinkers.


Zhong Weiming, COFCO General Manager of Great Wall Winery, said, "Wine that used to be consumed only by a minority is fast-entering the dining rooms of Chinese people and becoming consumed by a large number of people. I believe that China will soon become the biggest wine consumer, as well as the biggest wine producer, in Asia."


Chinese wine used to sell at relatively low prices, say 5 US dollars, but now the trend is changing. Leading brands like Changyu and Great Wall are now producing wines that cost hundreds of US dollars.


But questions still exist. Counterfeit wines have emerged as a growing trend in China's booming wine market. Another issue is the relative youth of the local industry and the quality of the grapes grown. With a huge consumer base and a growing number of wine producers, China is no doubt the market of the future. But experts agree it will take many more years for it to fully mature.

[Print]  [Save]  [Cloze]
--------------------------------------------------------------- 0 comments
 
 Correlation
Legacy Wine and Spirits Announces New Directors and Address Changes [8-25]
Business of Wine for Asia 2008 [8-25]
Bribery not the way to sell wine in China [8-22]
Tasting Room: A crush on China [8-22]
Russian International Wine Festival invites Chinese wine enterprises to take part in [8-21]
NZ wine exports on track for $1 billion by 2010 [8-21]
China ferments its wine industry [8-21]
Asian wine market worth €1bn by 2017 [8-20]
Hong Kong, France sign memo on cooperation in wine-related businesses [8-20]
Australian Spirits and Wine Showcased to Key Chinese Buyers [8-19]
Hilton Beijing Wangfujing features one of the Largest Wine Cellars in Beijing [8-19]
Australia targets China's wine lovers [8-18]
Focus on Hong Kong as fine wine market looks east [8-18]
Wuhan attracts many foreign wine companies [8-16]
Restaurant Petrus in Hong Kong to Host Vintage Chateau Palmer Wine Dinner in September [8-15]
HK opens inaugural int'l wine fair, aims to be regional wine hub [8-15]
China from Olympic Gold Medals to Wine Victories? [8-14]
Opportunity Uncorked As Wine Sales Soar [8-14]
Northwest Eyes Asian Exports [8-13]
Trade mission targets China gold [8-13]
 

 
 
 
 
About us  |    Contact us  |    Web Map  |    Advertiser  |    leave word
Copyright 2005-2006 www.wines-info.com