Vineyards Pop Corks on Chinese Wine Investors

(Beijing) – Wine-tasting party conversations among investors in China are increasingly sounding like sour grapes.

Some well-heeled wine investors have been anxiously debating whether a price bubble for investment-grade wine is getting ready to burst. Others complain that counterfeiters who palm off fake bottles of rare vintages and smugglers who sneak French burgundy into the country are ruining the legitimate spot market for expensive cases of wine.