China's palate ripens for European vineyards, chateaux
China's palate ripens for European vineyards, chateaux
Mar 13, 2012 6
(Reuters) - Chinese state-owned firms, private corporations and wealthy individuals are buying European vineyards as they look to capitalize on a growing domestic thirst for foreign wine.
Demand for French, Italian and Spanish wines has boomed in the world's second largest economy over the last few years, bolstered by the growth of China's super-rich and burgeoning middle class, who are knocking back the vino and the vin in record quantities.
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