Chinese Wine Market “No Longer Crazy”
Wine-searcher.com/.- Wine producers and retailers are looking beyond the People’s Republic to grow sales. Young middle-class drinkers from Asia’s emerging economies are being targeted as China’s voracious appetite for wine dries up, organizers said ahead of the region’s largest-ever wine and spirits fair. The Vinexpo trade show, which opens Tuesday in Hong Kong and is set to attract more than 1000 exhibitors from around the world, comes as Chinese wine consumption saw its first decline in a decade last year,…