China: Latest beverage news & analysis
China may be the world's second biggest economy but, when it comes to global brand-building, the country lags most top nations.
Yesterday it emerged that China is to drop duty on imports of Australian wine after the two countries signed a new free trade agreement. Here is a quick breakdown of how Australian wine fares in China:
China remains a source of much concern for high-end spirits producers, none more so than Remy Cointreau.
When Cognac producers were beginning to realise the full impact of falling demand in China last year, Pernod Ricard's MD of finance, Gilles Bogaert, was asked when he thought the situation would return to normal. Bogaert said that a recovery would take time, adding that “there are still questions over pace”.
Later this year, Shanghai will host the second ProWine China, a sister event to Düsseldorf's ProWein. Here, just-drinks' Andy Morton speaks to head organiser Marius Berlemann to find out how preparations are going for the November show.
The Chinese edition of the ProWine exhibition saw an 8% lift in visitors this year, while exhibitor numbers grew by 10%, organisers have said.
China is to drop duty on Australian wine imports after the two countries signed a “landmark” free trade agreement.
Tingyi has reported a slump in year-to-date beverage sales as poor weather affected its Q3, but profits were still up.
SkyPeople Fruit Juice has seen a strong third-quarter bring its sales back to growth, but net profits are still down on last year.
Carlsberg has completed its takeover of Chongqing Beer Group's remaining brewing interests in China.
Diageo has opened a Johnnie Walker House in Chengdu as it expands its chain of so-called “whisky embassies” in mainland China to three.
Boreal Water Collection, the US private label bottled water firm, has agreed a US$24m deal with Soho Corp to supply the Chinese firm's domestic market.
Global sales of Cognac have fallen by 10.2% by value in the last year as China's crackdown on corruption continues to bite, according to reports.
Tingyi has boosted profits in its beverage unit as raw material costs fell, but the China-based group also warned of a slowdown in its domestic market.
Diageo has written down the value of baijiu maker Shuijingfang, of which it has a 39.7% stake, by GBP264m (US$446.2m) as sales of the white spirit have fallen sharply in the face of China's anti-extravagance measures.
A joint US and Chinese study released this week found that a tea made with broccoli sprouts helps the body to break down and expunge high levels of the chemical benzene.
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