China wine demand keeps climbing


Consumption of wine has grown 136% in China over the last five years.

The nation is now the largest wine market in the world.

Though China is the 5th largest wine producer and will meet much of the demand internally, consumers have shown a willingness to pay up for premium global brands.

Related stocks: Constellation Brands (STZ), Brown-Forman (BF.B, BF.A)

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Comments (3)
  • bdsimpson
    , contributor
    Comments (3) | Send Message
     
    Brown-Forman is largely out of the wine business. Not sure why it's even mentioned here.
    28 Jan 2014, 11:19 AM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1538) | Send Message
     
    Just thinking of Chinese wine makes me shiver.
    28 Jan 2014, 11:55 AM Reply Like
  • Adel Antado
    , contributor
    Comments (54) | Send Message
     
    I believe the article refers to drinkers of wine, not producers of wine. There are now more Chinese that drink wine than French people. That said, the favorite alcoholic beverage in China is not wine nor beer but "Baijiu" produced in China for Chinese. China has a large population.
    30 Jan 2014, 09:37 PM Reply Like
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