South American Real Estate News
/ Category / chinese wine imports

What has happened the the Chinese luxury wine market ?

What has happened the the Chinese luxury wine market ? As China’s anticorruption campaign dampens demand for expensive wines, the red obsession with Bordeaux vineyards is starting to evaporate. Chinese were the biggest buyers of Bordeaux vineyards in 2013 with 25 deals, or 75% of the total number of transactions. They bought over 900 hectares, or 2,223 acres, in total,…