An exhibitor pours red wine into wine glasses at a booth during the Vinexpo Asia-Pacific in Hong Kong May 27, 2014. (REUTERS/Tyrone Siu)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Asia's biggest wine and spirits fair opened in Hong Kong Tuesday, drawing the world's top producers from France to Lebanon despite China having reported the first decline in wine consumption in a decade.According to a survey by Vinexpo Asia Pacific, China's wine consumption fell by 2.5 percent last year, after 10 years of uninterrupted growth at a rate of 25 percent per year.However, show organizers, who expanded the trade fair by 50 percent in floor space from its last edition in 2012, are adamant there are still strong opportunities for the wine and spirits markets in the region, because of increased demand from a growing middle class.In 2013, China overtook France as the world's largest consumer of red wine, guzzling more than 155 million 9-liter cases, or 1.865 billion bottles, that year, according to Vinexpo.But an official austerity drive in China has meant people are increasingly turning to cheaper wines.
FOLLOW THIS ARTICLE