Latest News:  
Beijing   Cloudy/Overcast    12 / 5   City Forecast

People's Daily Online>>China Business

China toasts fine alcohol investment

(Xinhua)

08:38, March 29, 2012

CHENGDU, March 28 (Xinhua)-- Fine liquor has become a rising star in China's investment market, as evidenced by the optimism of alcohol merchants who attended a just-finished exposition in southwest China.

More than 150,000 businesspeople took part in the 86th China National Food, Wine and Spirits Fair held in Chengdu, provincial capital of Sichuan, which closed on Monday.

There was talk of the buoyancy of China's wine market across the fair. Li Zhaowen, a merchant dealing French alcohol, for example, is expecting an increase in orders for fine alcohol products from Chinese sellers to meet surging demand.

Global investment in fine wine started to build up a head of steam from the end of 2008. According to London International Vintners Exchange Fine Wine 100 Index, which represents price changes among the 100 most sought-after fine wines, the price of fine wines surged 70 percent from January 2009 to early 2012.

In the wine market, only 0.1 percent of products are qualified as open to investors. But with a return rate much higher than gold and diamond, fine wine investment soon piqued the interest of Chinese.

【1】 【2】

Email|Print|Comments(Editor:张茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Original photography narrates city fairy tales

  2. Tanya's haute couture collection released

  3. Forest fire under control in SW China's Yunnan

  4. Paper iPads popular for Tomb-sweeping Day

Most Popular

Opinions

  1. Anelka cannot save Chinese football
  2. Quick stop to good progress in N.Korea
  3. EU urged to do Chinese companies justice
  4. A hard-earned, favorable turn for Syria issue
  5. BRICS mulls joint bank
  6. How far away are we from nuclear terrorism?
  7. Benefits, not values, define BRICS unity
  8. China slams Japan's move over Diaoyu Islands
  9. More efforts needed for enhancing nuclear security
  10. Chinese solar companies to fight US tariffs

What's happening in China

Foreign students in China make Qingming festival food

  1. China's March PMI rises to 53.1 pct
  2. Chinese cities dim lights in environmental initiative
  3. Qinghai to invest heavily in grassland recovery
  4. Chinese film studio joins hunt for fugitives
  5. China's Suning 2011 net profit up 20 pct

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai