Tag: Domestic consumption

Australia's wine industry has been encouraged by news that China is set to lift anti-dumping tariffs and reopen the market to imports, but a tougher economic climate in 2024 is unlikely to deliver the growth in sparkling wine that winemakers are looking for. China has driven the growth of the global wine industry for two decades, as hundreds of millions of its middle class have begun to enjoy wines from Australia, Chile, Italy and France. But Chinese wine industry executives say the market and domestic consumption are still struggling to recover from a downturn that began before the COVID-19 pandemic and has lasted a long time because of the long-term limitations it imposed.