日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Industries

Alcohol imports lose fizz as austeritymove crimps sales

By Lyu Chang (China Daily) Updated: 2014-06-10 03:59

 

Alcohol imports lose fizz as austeritymove crimps sales 

Imported wines on display at the bonded zone in Haikou, Hainan province. China's wine imports dropped 17.3 percent to $461 million in the first four months this year, according to statistics from the China Chamber of Commerce of Foodstuffs and Native Produce. [Photo / Provided to China Daily] 

Alcohol imports slid in the first four months as an official crackdown on lavish entertainment and a weaker economy cut corporate and government spending on beverages.

In value terms, imports of alcoholic beverages fell about 8 percent year-on-year to $847 million from January to April, according to the China Chamber of Commerce of Foodstuffs and Native Produce. But by volume, imports were up 12.9 percent to 212 million liters as drinkers turned to cheaper beverages such as beer.

Alcohol imports lose fizz as austeritymove crimps sales

China's thirst for foreign alcohol, especially fine wines and liquors, has been declining because of the government's campaign against extravagance and weaker growth in the world's second-biggest economy, experts said.

Both wine and liquor imports declined in the first four months after a rough year in 2013, when many high-end goods were taken off menus and gift-giving lists. For example, imports of wine plummeted about 17.3 percent to $461 million during the first four months.

Remy Cointreau SA, the French maker of Remy Martin cognac, said operating profit in the year to March declined to 150.2 million euros ($204.3 million) from 245.4 million euros a year earlier, a report by Bloomberg said.

The earnings decline was at the high end of the 35 to 40 percent drop that Remy warned of in April, when it posted sales that fell further than analysts had estimated due to "a transforming Chinese spirits market and a weak macroeconomy in western Europe".

Imported wines from France, though, still take the lion's share of the market for foreign wines in China, or 43 percent.

Yang Zhengjian, a wine expert and trader in China, said that fine wine imports are down partly because many companies are holding large inventories.

He said that China has a total inventory of fine wines worth more than 3 billion yuan ($497 million) "so the market needs a long time to ‘digest' that stock".

Cutbacks on purchases by companies and government departments will push wine importers and sommeliers to explore a younger group of individual consumers.

"I think young people, generally those born in the 1980s and 1990s, will become the new drivers of wine consumption, because they often like to sample a variety of fine wines," he said.

The official austerity drive in China has meant that people are increasingly turning to cheaper wines and other cheaper drinks such as beer and blended spirits.

Beer is a big beneficiary of this trend. Experts said the rising interest in craft beer, sparkling wine and mixology, could peel off marginal wine drinkers.

Imports of beer from countries such as Germany, Belgium and the Netherlands climbed nearly 95 percent to $86 million from January to April. By volume, imports more than doubled to 68 million liters, according to the chamber.

Alcohol imports lose fizz as austeritymove crimps sales
Alcohol imports lose fizz as austeritymove crimps sales
A very good week for wine  Alcohol industry faces challenges amid anti-graft campaign 

 

 

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 99视频在线观看免费 | 午夜国产视频 | 中文字幕在线观看一区二区三区 | 欧美视频一二区 | 国产精品久久久久久久天堂第1集 | 国模视频一区 | 成年人网站免费看 | 欧美野战| 五月婷婷一区二区三区 | 三级在线视频 | 天天舔天天操天天干 | 91精品在线视频观看 | 亚洲成人精品视频 | 国产精品一区二区三区四区 | 青青青草视频在线观看 | 亚洲精品自拍偷拍 | 日本黄色录像视频 | 国产少妇在线观看 | 中文字幕精品视频在线观看 | 久久综合色网 | 成人碰碰 | 亚洲小视频在线播放 | 国产91高清| 黄色a毛片 | 亚洲乱码中文字幕 | 精品在线播放视频 | a在线天堂| 欧美性受xxx黑人xyx性爽 | 久久久久一区二区三区四区 | 国产高清一级 | 欧日韩一区二区三区 | 毛片视频网 | 亚洲图片日韩 | 开心春色激情网 | 欧美一区精品 | 好色婷婷| www黄色在线观看 | 日韩精品1 | 欧美一二| 欧美黄色a视频 | av黄色在线播放 |