BEIJING, Oct. 11 -
China's homegrown red wine faces bitter competition as foreignbrands catch up in luring domestic consumers.
A report released Friday showed decreasing sales of domestic red wine, which stood at40.8 billion yuan (6.64 billion U.S. dollars) in 2013, a year-on-year drop of 8.52 percent.
Total sales volume of imported red wine dropped by 1 percent to 9.68 billion yuan last year, or about 20 percent of the Chinese market, and is still growing, according to the Fortune Character Institute (FCI), the luxury research and consulting agency that compiled the........ read more
No comments:
Post a Comment