Highlights of this week's event include blind tastings and a charity auction (Image: Luxury Insider)
China's Wine Investment Market Cools Down -- China Daily
China, the world's fifth largest wine consumer, has shown the sign of a cooling wine market, the Oriental Morning Post reported Monday.
Shanghai, China's main distribution center for imported wines, have seen declining wine imports for five consecutive months, Xinhua News Agency reported Sunday.
The Shanghai Customs District imported 29.63 million liters of wine in the first quarter of this year, and the average price dropped to $9.8 per liter. March imports were 7.35 million liters, a month-on-moth decrease of 11.3 percent according to the Xinhua report.
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My Comment: It has cool down for now .... but the Chinese are beginning to have a taste for investing in good wines, and this 'investment' taste will only increase with time.
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