China sees imported wine market boom
China sees imported wine market boom
Mar 28, 2012 6
(IANS) - China has imported a record $1.27 billion worth of bottled wine in 2011, up by 94 percent year-on-year, industry experts said.
The value of imported loose-packed wine was down by 20 percent from the previous year to $120 million, according to figures released at the China Worldwide Wine Summit Forum Tuesday.
The sale of imported bottled wine first surpassed imported loose-packed wine in 2009, said Lin Feng, vice president of H&J Consulting Company.
"The sale of imported bottled wine doubled that of loose-packed wine in two years, indicating the imported wine market is evolving from low-end to high-end," Xinhua quoted Lin as saying.
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