World
        

Economy

China is important new wine market for NZ

Updated: 2011-04-19 12:27

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

WELLINGTON - The New Zealand wine industry sees China as the key to diversifying its export markets.

Related readings:
China is important new wine market for NZ China to be sixth largest wine market by 2014

Twenty wineries participated in the first New Zealand wine fair held in Beijing last week, followed by another in Shanghai.

France has the biggest share of the imported wine market in China.

New Zealand wine sales there are currently worth about 10 million NZ dollars (US$7.9 million) per year.

New Zealand Winegrowers said China will be extremely important as the industry recovers from the effects of world recession and looks for new markets in Asia.

Chief executive Philip Gregan said there is tremendous opportunity in China.

Specials

In the swim

Out of every 10 swimsuits in the world, seven are made in China.

Big spenders

Travelers spend more on shopping than food, hotels, other expenses

Rise in super rich

Rising property prices and a fast-growing economy have been the key drivers.

The beauty of body art
Waiting for drivers' seat
Teeing off to a bright future