Global Fine Wine Market: Follow the Money to China
Interesting interview (text with video) by Christiane Amanpour with Mike Veseth, Professor of Economics at the University of Puget Sound, and author of "Wine Wars." See http://news.yahoo.com/blogs/around-th...
It was probably 15 years ago, that I had my first Chinese wines. They were dreadful, and at about the same level as UK still wines (they WERE doing some interesting sparklers then). Maybe I need to clear my memory (at my age, that is not that hard), and sample some now. Perhaps, like early NZ PN's, things have changed?
I find it very interesting that China is appearing as a wine power, and at several levels, and several places on the globe.
re: Bill Hunt
I hosted an Asian wine tasting a couple of years back, which included a few Chinese red wines at various spots along the price spectrum. They were from prominent wineries such as Great Wall and Grace Vineyards.
My tasting group was not particularly keen on the idea and I tried hard to persuade them to join what promised to be a unique (if nothing else) tasting.
As it turned out, all but one of the wines were of extremely poor quality. The one that did pass muster, although it was not particularly interesting or impressive, was a 2008 Grace Vineyards Deep Blue. This retailed locally for around US$60, for which I could easily get a good 1er cru burg.
For my money, the Chinese still have a very long way to go in terms of QPR.