The Grape Wall Press
A Regularly Updated Roundup of China Wine Stories
JUNE 2024 EDITION
(Past Editions Here)
‘Top Chinese official spotted at Aussie winery’
“Chinese Premier Li Qiang has arrived at a top South Australian winery ahead of major bilateral talks with leaders.
“China’s second-in-command toured Penfolds Magill Estate near Adelaide on Sunday, where he was greeted by SA Premier Peter Malinauskas, Trade Minister Don Farrell and Foreign Minister Penny Wong.”
“Ningxia’s Yinchuan chosen for Concours Mondial de Bruxelles”
China Daily: Hu Dongmei & Chen Meiling
“Yinchuan, Ningxia Hui autonomous region, is set to host next year’s Concours Mondial de Bruxelles, an international wine and spirits competition.
“Roughly 400 judges from more than 50 countries will gather in Ningxia for the competition, giving the city an opportunity to showcase its wine development.”
“NSW Wine Roadshow finishes on a high in Shanghai”
“The New South Wales Wine Industry Association (NSW Wine) recently delivered its Wine Roadshow in Shenzhen and Shanghai, the first major Australian trade delegation to China since the removal of import duties in March 2024.
“With 20 NSW delegates representing 22 wine brands and showing over 100 different wines…”
“IWSC Judges heading to China: ‘We can’t wait to meet Chinese wine producers!'”
“In August, the IWSC will be holding the first Global Wine Judging in China, held in partnership with the Xinjiang Tianshan Mountains North region.
“Our panel of international and local industry experts will be tasked with tasting and rating wines from across the country. In addition, our team of judges will be visiting the local wine producers delving into the Chinese wine culture.”
“China’s EU trade wrangling has Australian winemakers, exporters eyeing new opportunities”
“A potential tit-for-tat trade spat between China and the European Union could be Australian winemakers’ gain at the expense of EU wineries’ pain – a scenario that industry players from both sides are bracing for.
“Australian winemakers and exporters are gradually seeing a partial comeback in the Chinese market, winning back some of the market share they lost over the last three years when bilateral ties soured.
“Meanwhile, some French winemakers are considering a ‘de-risking’ strategy in case Beijing decides to impose punitive tariffs on imports from the EU, including wine, in the aftermath of Brussels’ possible provisional levy on Chinese electric vehicles.”
“Chinese backer of Australian wine group nursing big losses”
AFR: Simon Evans
“The acting chief executive of struggling wine group Australian Vintage, Peter Perrin, says building exports to China is a key part of revival plans, as one of its China-based large shareholders nurses losses of $7 million after a share price dive.
“Mr Perrin said Australian Vintage, which sells brands including McGuigan, Tempus Two and Nepenthe, had an export business to China which made up 10 per cent of total sales before tariffs were imposed by authorities in Beijing in late 2020…
“Australian Vintage’s second-largest shareholder since 2017 has been Vintage China Funds, an entity run by Jiang Yuan, founder of China’s largest online wine retailer, yesmywine.com….
“Mr Perrin said Vintage China Funds was still a distributor for the company in China, but only for the Tempus Two brand. The flagship McGuigan brand and other labels are distributed in China by COFCO, a major Chinese food processor and trader.”
US says China is unfairly subsidising glass bottles
Glass International: Greg Morris
“The US Department of Commerce (Commerce) has preliminarily determined that the government of China unfairly subsidises its glass wine bottle industry.
“Commerce calculated affirmative preliminary countervailing duty rates ranging from 21.14% to 202.70% for all Chinese producers.”
Sign up for the Grape Wall newsletter here. Follow Grape Wall on LinkedIn, Instagram, Facebook and Twitter. And see my sibling sites World Marselan Day, World Baijiu Day and Beijing Boyce. Grape Wall has no advertisers, so if you find the content useful, please help cover the costs via PayPal, WeChat or Alipay. Contact Grape Wall via grapewallofchina (at) gmail.com.
Leave a Reply
You must be logged in to post a comment.