Asia's biggest wine expo opens in Hong Kong
Asia's biggest wine expo opens in Hong Kong
May 29, 2012 6
(MNN) - The who's who of the wine world gathered in Hong Kong on May 29 for Asia's biggest wine and spirits fair, hoping to tap the booming but still relatively young Chinese market.
Organizers of the three-day Vinexpo Asia-Pacific expect demand for imported wine to weather the slowdown in Chinese economic growth, forecast to fall to 7.5 percent this year from 9.2 percent in 2011.
A deep dip in prices of Bordeaux's most prestigious, investment-grade wines last year suggests the Chinese-driven speculative bubble may have burst, but the market for more modest mid-range wines will open up, they said.
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