Chinese Market Experiencing Strong Growth in Imported Wine
Chinese Market Experiencing Strong Growth in Imported Wine
Jun 5, 2010 6
The Chinese wine industry has entered the high-speed growth stage in recent years, according to a recent report on the Chinese wine industry from Research and Markets.Though the international financial crisis broke out in 2008, it did not place severe influence on the Chinese wine industry. In 2008, Chinese wine production totalled 698,300 kiloliters, a 5 percent increase over 2007. In 2009, Chinese wine production amounted to 960,000 kiloliters, rising by 37.48 percent year-on-year.
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