Wild For Wine, China Pumps Up Demand, Prices
Wild For Wine, China Pumps Up Demand, Prices
Dec 12, 2010 6
With its explosive economic growth, China is sucking in many of the world's major commodities such as metals and minerals and — perhaps most surprising — red wine. Traditionally, the Chinese are not wine drinkers. But as the middle classes earn more money, it seems they are developing a taste for Bordeaux.
It's auction time in Hong Kong. On a recent day it's not Impressionist art or antiques on the block; it's wine.
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