China Imposes Additional Tariffs on American Fruits, Nuts, Wine, and Pork

China suspended tariff concessions on 128 items of U.S. products including pork and fruits starting Monday [2 April 2018], according to the Ministry of Finance. The Customs Tariff Commission of the State Council has decided to impose a tariff of 15 percent on 120 items of products imported from the United States including fruits and

Shandong’s Yantai Changyu Wine Snaps Up 5th Overseas Acquisition

Chinese winery Yantai Changyu Wine Co bought an 80 percent stake in the Clare Valley’s award-winning Kilikanoon Estate in Australia for AUD $20.6 million ($16.4 million). The deal was signed at a ceremony held in Adelaide, Australia, Jan 18…Full Article: China Daily Jan 2018 Key Point To date, this is Changyu Pioneer Wine’s (SHE:000869) fifth

Hong Kong and Argentina Sign a MoU on Wine

The government of China’s Hong Kong Special Administrative Region (HKSAR) said on Friday [15 December 2017] that it has signed a memorandum of understanding (MoU) on cooperation in wine-related businesses with Argentina. The document, signed by HKSAR Secretary for Commerce Economic Development Edward Yau with Argentinean Investment and Trade Promotion Agency Chief Executive Officer Juan

Hungary Begins Freight Train Exports of Food Products to Hunan Province

The Xiang Ou Express Budapest-Changsha return freight train carrying Central European cargo containers to Changsha, China, was launched from here for the first time on Monday [27 November 2017]. The train carries 41 containers of red wine, beer, cereals, milk powder and hardware accessories made in Hungary and its neighboring countries…Full Article: Xinhua Nov 2017

Hong Kong’s Wine Re-Exports to the Mainland to Be Fast-tracked

The Hong Kong Special Administrative Region (HKSAR) government announced Thursday [9 November 2017] that wine re-exported from Hong Kong will enjoy instant customs clearance in all districts of the Chinese mainland from Nov. 9 onwards. This extension of customs facilitation measures is introduced to support international wine traders in tapping Chinese mainland market and strengthen

Australia’s Treasury Wine Estates Hopes to Increase its Chinese Market Presence

One of Australia’s leading wine companies has promised to increase its focus on cracking the Chinese market. Michael Clarke, Chief Executive Officer of Treasury Wines, told the company’s Annual General Meeting (AGM) on Wednesday night that the company would seek to widen the gap between Treasury and its competitors in China…Full Article: Xinhua Oct 2017

China Foods Transfers Great Wall Wine Brand to COFCO

Continuing to dispose of its non-Coca-Cola assets, China’s second largest winemaker has transferred its money-losing wine business to a unit under parent firm COFCO Corp. In a HK$5 billion ($649 million) deal, China Foods Ltd. has offloaded its prestigious Great Wall brand, including five production plants in China, five wineries in and outside the country,