(FoxNews) - We constantly hear threats the China is going to overtake the U.S. to become the largest economy in the world. And while many of us don’t believe it, we’ve gotten accustomed to hearing it. But is China threatening to take on the wine industry? Sure, we know its millionaires are buying up the world's high-priced inventory. And according to International Wine and Spirit Research, it is the world’s fifth largest wine consumer after the U.S., Italy, France and Germany.