Wild For Wine, China Pumps Up Demand, Prices

Dec 12, 2010

With its explosive economic growth, China is sucking in many of the world's major commodities such as metals and minerals and — perhaps most surprising — red wine. Traditionally, the Chinese are not wine drinkers. But as the middle classes earn more money, it seems they are developing a taste for Bordeaux. It's auction time in Hong Kong. On a recent day it's not Impressionist art or antiques on the block; it's wine.

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