China’s wine producers make overseas acquisitions as market shifts

China’s wine producers make overseas acquisitions as market shifts

China’s wine imports in August surged 28.9% year on year to 44.6 million litres in volume and rose 12.7% to US$154 million in value, but the average import price declined from both a month and a year earlier to only US$3.45 per liter, prompting the nation’s leading wine companies to acquire upstream wineries or related enterprises abroad, reports the Shanghai-based National Business Daily, citing statistics compiled by GrandView, a private think tank in China.

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