BIZCHINA / Biz Media Digest
Trade: French wine import to rise 60%
(Xinhua)
Updated: 2006-11-16 14:51
French Minister for Agriculture and Fisheries Dominique Bussereau
predicted his country would export 100 million US dollars worth of wine
to China by the end of the year, an increase of 60 percent on 2005.
Almost a third of China's total wine imports in 2006 will be French
wines, the French minister said here on Wednesday.
China has overtaken Japan to become France's largest wine export market
in Asia, said the French minister, who was on a visit to China aimed at
boosting bilateral cooperation in the agricultural sector.
The construction of a wine production base, the Sino-French winery
jointly funded by the Chinese and French governments, was recently
completed in Hebei Province in north China.
The winery will produce high-end products, with each bottle costing
around 1,000 yuan (125 U.S. dollars).
Wine production and consumption in China have both grown at about 10
percent per year over the past decade.
Despite rising wine consumption in China, the nation's per capita wine
consumption is only 0.3 liters, or 6 percent of the world average.
(For more biz stories, please visit Industry Updates)
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