Evan Osnos, well renowned wine guru of the New Yorker, writes about China’s sudden romance with wine. The notion of getting rich by selling wine in China has a long history, which is marked almost entirely by failure.
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Prospects have sharply improved since the days of the Baron, and, today, China is one of the world’s fastest-growing wine markets. (Chinese buyers are consuming so much that they are affecting wine prices for some of the most expensive bottles.) In this video, produced by Mengfan Wu, we visit a wine class hosted by Torres China, which is trying to introduce new consumers to an unfamiliar product. We also hear from Don St. Pierre, Jr., the chief executive of A.S.C. Fine Wines, who explains why Chinese consumers sometimes prefer to down their glasses in a single enthusiastic gulp.
(CNBC) – Hong Kong may eventually overtake New York and London as the world’s largest wine market, with experts saying the territory could generate $65 million in wine auction revenues in 2009, or about 25% of the global total. CNBC’s Emily Chan reports.
ALBANY, N.Y. (AP) — A new proposal to sell wine in New York supermarkets is surfacing in Albany after liquor store interests helped kill an earlier bill.
Grocery store chains that want to legalize wine sales in their stores say it will add $160 million in revenues to the state in the first two years and save New Yorkers $80 million in lower prices through greater competition.
Click here to access the full article from CBS Albany
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