Yantai Municipality of Shandong Province is the cradle of China wine, but currently it is in the crisis of winemaking. With the imported wine increasing sharply, far-sighted experts of Yantai comment that it will make the negative impact on local wine industry.

Statistics provided by Yantai Customs say that Yantai has imported original wine 14,750,000 liters during the period of the first quarter this year, increasing 450% than that of last year. At the same time, the price of imported original wine has been declined to US$0.56 per liter, with a 20% down from US$0.7 a liter in 2005.

As the development and popularity of wine in China, raw material produced by domestic enterprises cannot meet the market demand. And the price of original wine from Australia, Chile, US, etc. has been holding the balance with China. With both reasons, we have to import large amount of original wine from foreign countries.

Large quantity of imported wines rushing into domestic market may be controlled by the foreign original wine oligarch. Some experts indicate that importing large amount of foreign wines to China will put domestic wine industry into crisis in the long run. In order to remain globally competitive of china wine industry, secure future global competitiveness, we must expand growing area, introduce foreign advanced techniques, improve the quality of fruit, and advance the fruit maturation.

Source:佚名