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Wine imports give Chinese firms a hangover

Updated: 2012-08-14 07:56
By Wang Zhuoqiong ( China Daily)

Chinese consumers' growing preference for imported wine is expected to pile further pressure on beleaguered domestic wine brands, according to industry analysts.

Imported wine currently accounts for around 25 percent of the Chinese market, industry analysts said.

The nation imported 200 million liters of wine in the first half of the year, up 12 percent year-on-year, with a value of $1.1 billion, up 24.1 percent, according to www.haiguan.info.

Wine imports give Chinese firms a hangover

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