China becomes 8th biggest wine market
China becomes 8th biggest wine market
Oct 11, 2010 6
China has become the eighth largest wine consumer market in the world, Popular Daily reports. China Food Association released the 2009-2010 Chinese wine industry market report on Oct. 10, saying that in 2009, Chinese production of liquor totaled nearly 7.1 million tons, beer output reached almost 42.4 million tons and wine production, 960,000 tons. Chinese wine production has maintained a compound growth rate of nearly 19 percent for seven years with huge future growth potential.
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