As the Chinese economy slows, new figures confirm that Chinese consumers are seeking out less expensive wine brands. Drinking wine for pleasure…the Chinese are seeking out mid-range wines Analysts Wine Intelligence found that in the first quarter of this year, 60% of consumers between the ages of 18 and 50 spent less than CNY200 (€25) on imported wine. €25 is generally recognised as entry-level wine in China. An earlier survey in January this year had found that fear of buying a fake wine was the biggest barrier to entry for imported wines, with 44% of respondents saying it put them off buying. ‘There is a growing trend for drinking wine for pleasure rather than serving it at banquets or giving it as gifts,’ Maria Troein, China manager for Wine Intelligence told China Daily. ‘There are now new market segments of younger drinkers who like to drink wine that fits into their lifestyle.’ , ‘There’s been a rebalancing of the imported wine offers in terms of price points.

For Bordeaux it has meant that intermediate levels have outgrown entry level and high end, permitting the medium range to catch up. This is also a segment that has been actively promoted in China through the Simply Bordeaux program with appellations such as Bordeaux, Bordeaux Superieur, the Cotes and Cru Bourgeois.’ The changing market conditions are pushing Chinese producers to develop brands that better fit market demand, in line with the slowing Chinese economy. Lina Fan, representative for Shou Rui Wu, new owner of Chateau de Pic in the Cotes de Bordeaux, said that this was the market segment that they will now be concentrating on. ‘The market for very cheap Bordeaux in China is diminishing, as other countries are now filling that price point, plus the very highly priced wines are losing steam. ‘But we have identified a huge development potential at €5-6 (ex-chateau). The quality mid-range wines have a strong future in China, and that is what we are looking to develop at Pic.’

Wine Intelligence estimates that there are around 19 million drinkers of imported wine in China, aged between 18 and 49. Further pressure has been heaped on European wines in China with the annoucement from the commerce ministry that it is launching an enquiry into EU wine being dumped in China at below cost price. The move has come after the European Commission announced it is imposing anti-dumping tariffs on imports of Chinese solar panels.good food and wine coupon Written by Jane Anson in Bordeauxwhich is the best wine brand in india Country price levels using data from the World Bankbest wine list dc Hotel and restaurant pricesred wine gift selection

Compare prices in China with other countries Prices in China - travelers' input Fast food prices Restaurant prices Food prices Alcohol prices Transport prices Taxi prices Petrol prices in China Distances from selected cities in China Alcohol prices in China The average price of the local beer when bought from the store is between $0.30 and $0.65. If you want to consume the beverage at a restaurant you will most probably pay between $0.70 and $2.70, depending on the place. best wine and spirit offersBut most averagely, when you go to a bar, a beer will cost about $1.30 – 1.50. best wine stores chicago areaOf course fancier places will charge above these rates.list of best wines in france Wines are found at various prices mostly depending on quality and place of production (imported or local). wine good for health or bad

You can find local wines at the market at prices around $2.50 to $6.00. The average price of a mid-ranged bottle of wine in Beijing or Shanghai is around $12.00. Most generally, Chinese prefer locally made brands, as taste qualities are a bit different from the types of wine that are consumed in the Western countries. Click on alcohol prices around the world to see the countries with most and least expensive drinks. Sources: The information on this page comes from our own observations, the input of fellow travelers, and various online sources. best wine to bring on a dateWe welcome any corrections and additional information. The best websites for accommodation There are multiple accommodation options when traveling internationally – hotels, hostels, guest houses, holiday or city apartments, villas, etc. Each of them has relative advantages and disadvantages when it comes to cost and convenience.

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