Having already snapped up distressed wineries in France and Chile, Chinese state-owned giant COFCO is now setting its eyes on South Australia’s Barossa Valley, with the aim of producing an Australian imprint of its Great Wall wine brand. Though China has become a key market for Australian winemakers, with exports to the country increasing 20% last year to US$169 million…Full-text article: Jing Daily Feb 2013

Key point

  • In January 2013, Barossa Valley Estate was placed in receivership after suffering financial difficulties

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