Wine in China - New Study Released
Domestic grape wine manufacturers, such as COFCO Wines & Spirits, had a sluggish performance in 2012. This was due to several factors including the slowdown in the national economy amid the global financial crisis and the ban from the central government on wining and dining using public funds. Meanwhile, the fast-growing imported grape wine made further headway into average households with its competitive pricing, thanks to the lower or zero tariffs since China's entry into the WTO. Grape wine...
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