China - Wine Law / Business Flashcards
How is wine defined whether Chinese or Imported?
What needs to be on the label?
tax?
as a food product
labelled as 100% fermented grape juice
indicator of alcoholic strength
taxed as an industrial product + 10%
What is key to China’s wine market
Growing middle-classes, increase wine buying power, Chinese and Imported
What is the challenge for wine in general?
It is expensive compared to other alcoholic drinks
government crackdown on gifting by officials
low consumption per capita
What are the 3 large companies dominating the Chinese Wine domestic market?
Changyu
Great Wall (owned by gov)
Dynasty
Smaller wineries producing more quality wines
Grace Vineyard (Shanxi)
Silver Heights (Ningxia)
Ao Fun (Yunnan)
Online sales?
Alibaba a big player in drinks retail
Other challenges?
Fraud, counterfeit bottles of top French, Aus and Chinese wines
Where can wine be bought in China?
Can be purchased any time of day in convenience stores and supermarkets
Hospitality - in Karaoke bars, tobacco stores