China's nouveau riche thirsty for premium vino
China's nouveau riche thirsty for premium vino
Jan 3, 2011 6
(Reuters) - Following the explosion in demand for designer bags, Italian suits and fast cars, expensive French and Italian wines are set to be the next must-have accessory for the wealthy Chinese consumer.
Wine bars are proliferating rapidly in Shanghai, the country's glitzy financial capital, where young Chinese professionals congregate after work and regularly splurge around 1,000 yuan ($152) on a bottle of wine.
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