Aussie Wine Exports to China up 350%

Developed nations seem to spend most of their time complaining about excessive imports from China, but Australian winemakers have good news. According to this article at Australia’s ABC News, wine exports to China surged 350% in 2005. That puts China in the top 10 export markets for Australian wine. The biggest three are the UK, the US, and China.

This may be good news for Australian trade officials, but clearly only the tinest part of the enormous Chinese market is being tapped right now. If a billion Chinese ever develop a taste for inexpensive Shiraz, the resulting scarcity could make the current oil crunch pale by comparison. Enjoy your Jip Jip Rocks, Little Boomey, and Boomaroo while you can…

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