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Fine wines languish in China warehouses as consumers cool

A faltering economy and the crackdown on graft has wilted demand. Cheaper wines are now the choice

Wine consumption in China, which had been rising in double digits, fell last year and is set to inch up by just over 1 per a year until 20202. The striking slowdown is a headache for a global wine industry, which had pinned hopes on continued fast growth in China.


THE crates of Chateau Brehat wine from Bordeaux had gathered dust for three years in a bonded warehouse on the outskirts of Shanghai before the owners cut their losses in July, slashing three-quarters off the US$50 price tag.

The fire sale was prompted by a huge oversupply

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