China to change global wine markets “dramatically’ this decade

China to change global wine markets “dramatically’ this decade

CHINA will be “by far the most dominant player in Asia, and … change global markets for wines dramatically’’ in coming years, a new study from the University of Adelaide’s Wine Economics Research Centre says. The working paper, Asia’s Evolving Role in Global Wine Markets, by Kym Anderson and Glyn Wittwer, forecasts China’s wine consumption to increase by 40-60 per cent between 2011 and 2018.

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