Just Released: "Alcoholic Drinks in China"
Real GDP growth reached 7.8% in 2012, the lowest for the entire review period. Moreover, the global economic outlook remained uncertain since the outbreak of the financial crisis in 2008. These negative economic situations were unfavourable for the alcoholic drinks market in China, resulting in decelerating volume growth in 2012 compared to the previous year. However, grape wine still maintained double-digit volume growth in 2012, thanks to a small base and its health benefits.
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