China’s wealthy wine drinkers help revive Australian vineyards (US)

Australian vineyards, such as Ferngrove in Western Australia’s Frankland River, facing a wine glut, slumping exports and rising competition from countries including Chile and Argentina, are turning to China for salvation. Chinese buyers are proving receptive as they seek to meet surging demand among the nation’s rich, who are developing a taste for grape wine and the expression of wealth it conveys, reports Bloomberg.