Posted on 05/02/2021 7:44:15 PM PDT by SeekAndFind
New data shows that Australia has successfully weathered the storm of Beijing’s economic coercion by finding alternative markets for wine exports, which has seen growth in Europe, the UK, and the United States.
Despite losses in exports to China, Australia still managed to sell $12 million worth of wine into that market between December and March, down significantly from $325 million (US$251 million) the same quarter the previous year.
Industry body Wine Australia’s new report revealed just how large an impact the Chinese Communist Party’s (CCP) onerous tariffs had on Australia’s wine trade to China.
But if the China trade numbers are excluded from these figures, Wine Australia CEO Andreas Clark said global exports actually grew 10 percent, with Europe (including the UK) receiving $710 million worth of Australian wine—the highest in a decade.
“There was also growth to North America, up 5 percent to $628 million, and Oceania, up 7 percent to $112 million,” Clark said in the report.
When broken down by individual country, China remained the biggest market for Australia at $869 million, despite a 24 percent drop in trade, mainly due to the tariffs.
The UK jumped 33 percent, overtaking the United States to become Australia’s second-largest export market at $461 million.
This was followed by the United States (up 4 percent to $432 million), Canada (up 9 percent to $195 million), Hong Kong (up 55 percent to $148 million), and New Zealand (up 10 percent to $104 million).
Hong Kong’s position as a trading hub for mainland Chinese consumers could partly explain the major increase in wine exports to the city.
Australian exports overall did decline 4 percent in the 12 months leading into March 2021, due to China’s tariffs, but also harvest and supply issues.
(Excerpt) Read more at theepochtimes.com ...
It is the only way to bring down China. It may mean a recession for a quarter or two, but it’s gotta be done in order to avoid war.
Screw china AND their puppet imposter in the white hut.
What wine are Chinese drinking now?
Never mind Global Markets and China this or that......I just overall dislike Australian and New Zealand wines! They always have a “tinny” taste....I read somewhere that they use arsenic to accelerate fermentation..not sure about that aspect...but overall, Australian and New Zealand wines, especially white wines, have this weird chalky, tin-can taste, IMHO.....you will never see an Australian or New Zealand wine on my dinner table.
The Western industrialized countries should start boycotting Chinese made goods. China is the mortal enemy of free people worldwide.
A League of Democracies is the answer. Have nothing to do with totalitarian dictatorships. Let the chips fall where they may.
EXACTLY!.....that clip is SO funny....All but the Understated would miss the point...
I bought a few cases of Yellow Tail to make up for lost Chinese businesses.
The more refined palate knows that arsenic harvested on the eastern slope of the arsenic mine has a smoother and less tinny-taste. 1996 arsenic was especially smooth.
I’m not a huge fan of the whites, but the reds are can be decent to good. And if the Chicoms are putting the squeeze on them, then I’m willing to support the Ozzies by picking up the slack! My wife and I have gone through a case and a half of reds - lot of zins and blends - since the Chi-cott began.
There are several wineries in my home state that do a damn good job of making German varietals. When I do drink I tend to grab one of those.
CC
Growing wine grapes is a huge waste of land and water that could be used to produce actual food like BEEF!
Jacob’s creek wines are very good imho.
LOL. Bring down China by what? :)
Encourage industries to move out. China has admitted its greatest is having to create 25 million jobs every single year, just to keep in pace with population growth.
If industry leaves, that’s dangerous for the government.
China shifts from export oriented model, developing the strong middle class. You might move the production, but the facilities and labor remain in China, their R&D is catching up, industrial espionage is still a thing.
And get a load of this. The US can't have coal, but the ChiComs can...
China’s imports of US coal, Canadian barley continue to climb amid ban on Australian exports
Those are US coal exports being discussed.
Agree it all tastes the same and none of it good.
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