Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Australian wine exports slump as global consumers drink less.

flag Wine sales to Hong Kong increased by 74% in 2022, reaching $290 million. flag This surge suggests Hong Kong traders are rebuilding stocks in anticipation of China reopening its market to Australian wine brands. flag The Australian Grape and Wine industry group's CEO, Lee McLean, stated that China's review of import tariffs could be halfway completed by now, potentially leading to an improvement in export wine trade. flag However, a full recovery is not guaranteed due to the changed market conditions and spending patterns since the previous $1.2 billion sales.

6 Articles

Further Reading