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After removing tariffs, Hainan, China’s biggest duty-free market, is planning to remove VAT and excise tax for imported wine and spirits in a bold move to further boost its attractiveness for tourists, as wealthy Chinese shoppers shift their spending back to home. 


Data for the performance of China’s domestic wine market during 2022 makes for bleak reading, but while the downward trend continues there are signs of recovery.


As China’s economy rebounds, global spirits giants are rubbing their hands together in anticipation of growth. But they may want to watch out for a surplus in baijiu stock… 


As China’s economy rebounds, global spirits giants are rubbing their hands together in anticipation of growth. But they may want to watch out for a surplus in baijiu stock… 

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The 14th HKTDC Hong Kong International Wine & Spirits Fair (Special Edition) ended on January 11 after a two-day run at a much smaller scale and less fanfare, as Hong Kong struggles to attract visitors despite loosened Covid rules.


Hong Kong customs have seized 9,000 bottles of smuggled wines inside two ocean-going vessels headed to Shanghai in a massive raid that led to seizure of more than HK$200 million (US$25.6 million) worth of smuggled goods including wine, expensive food ingredients, electronic goods, vinyl records and medicine, according to Hong Kong government.


Chinese stocks soared in the wake of border restrictions being lifted between Hong Kong and mainland China for the first time in almost three years, signalling hope for drinks brands in the market.


Champagne exports rocketed in 2022 amid soaring demand for fine fizz, meaning producers are now putting measures in place to mitigate the risk of a shortage for Valentine’s Day.


Italian wine exports are booming in the first 8 months of the year despite surging energy crisis and inflation, but suffered setbacks in the vast Asian market where exports to mainland China, Hong Kong and South Korea plunged.


Rising consumer purchasing power will propel the lucrative Chinese ice cream market to growth over the next three years, according to research – even if a surge of COVID-19 cases may keep restaurants and ice cream parlors shut for parts of this winter.


Bordeaux stages biggest wine protest in decades after plunging sales to China

Bordeaux winemakers staged the biggest protest in nearly two decades to call for government aid for a vine-pulling scheme that is expected to uproot 10% of Bordeaux vineyards following plunging wine demand from its biggest export market, China.


Prosecco DOC x Restaurants Campaign kicks off in Hong Kong

Consorzio di Tutela del Prosecco DOC (Prosecco DOC) has launched its first “Prosecco DOC x Restaurants Campaign” in Hong Kong, teaming up with some of the city’s best restaurants and hotels to bring Prosecco DOC to life and promote Italy’s beloved aperitif and food tradition to Hong Kong’s food and wine lovers.


Over 40,000 fake Lafite and Penfolds wines uncovered in Fujian

Fujian, the affluent coastal province in southern China, has announced one of the province’s biggest fake wine busts in its history: over 40,000 bottles of fake DBR Lafite and Penfolds were uncovered in a police raid with value well worth over RMB 11 million (US$1.56 million).


Is the future of Italian wine tourism in Campania?

At a preview of VitignoItalia, the Southern Italian wine festival held in Naples, a panel of journalists, politicians and viticultural experts spoke about the growing importance of wine tourism to the region of Campania.


Value of rare whisky rises 21% during 2022

The value of fine and rare single malt whisky has risen by 21% in the year-to-date, a new report has said, with volumes also up 23% driven by growth in the £100-£1,000 price bracket. 


France drinks lowest amount of red wine in a decade

Red wine consumption in France has dropped by a third in the past 10 years, says a worrying new report.


Liv-ex: China will not be riding to rescue global wine trade

In one of its grimmer estimates, Liv-ex, the London-based fine wine trading platform, warned that with China’s sagging economic growth and political uncertainties, its allure for global wine merchants has dimmed and the country “will not be riding to the rescue of the global wine trade in difficult times ahead”


5m bottles of Spanish wine disguised as French in Bordeaux fraud scheme

Bordeaux investigators have discovered a fraud scheme which saw up to five million bottles of cheap Spanish wine disguised as French.


World’s largest duty-free store to launch this week

World’s largest duty-free complex, Haikou International Duty-Free City, is set to open its doors to the public tomorrow in Hainan’s port city of Haikou, China (Oct 28), state-owned ChinaDaily reported. 


Penderyn whisky scores multi-million pound China deal

Welsh whisky brand Penderyn has signed a lucrative deal to distribute its products across China in a move that will make the Asian country Penderyn’s biggest export market overnight.

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