‘Chinese market hit bottom’, say trade at CFDF

The slide in the Chinese wine market has bottomed out, said trade leaders at the 92nd China Food and Drinks Fair (CFDF, also known as Tangjiuhui) which opened today. As the largest alcoholic drinks trade fair in China, the three-day fair has gathered some 3,000 exhibitors from more than 30 countries and regions including France, Spain, New Zealand, Chile, Australia, Hong Kong Taiwan.
‘The China Food and Drinks Fair has great value in China,’ LI Shiyi, general manager of Import Wine Business Department of COFCO, told DecanterChina.com, ‘as [it provides] opportunities for our brand to meet the clients.’