Chinese investors gobble up French wine, Bordeaux wineries
Chinese investors gobble up French wine, Bordeaux wineries
Mar 6, 2012 6
(GMANetwork) - You could hardly do better than Chateau du Grand Moueys if you were looking for a metaphor to demonstrate Chinese interests in European wines, luxury goods and travel.
It has a history that includes a Templar legend, vineyards in the heart of France's famed Bordeaux region and a new Chinese owner with plans to export the wine home and turn its palatial 18th century house into a luxury hotel for tourists from China.
The French estate's new owner, Jin Shan Zhang is part of a wave of Chinese interests across Europe seeking to satisfy domestic demand for the finer things in life: French wines, luxury travel, foreign cars and fashionable clothes.
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