Mead fell by the wayside because it is an excruciatingly slow process to make it. Very hard to turn a profit while competing with grape wine and grain beer...both of which are often spiked with some type of sugar to speed up the fermentation. I would be really surprised if this new mead is really pure honey and water and no sugar added.
I have to agree with you on the ingredients part... unless they are importing the honey from China.
Problem with Chinese honey is the amounts of contaminates, carcinogens and heavy metals in the honey is obscenely high if the honey is produced in industrial areas...
However the price for bulk honey from China can be 70% less than East Coast USA bulk honey when bought in large contracts.