China wine demand keeps climbing

|By:, SA News Editor

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)