Dec. 24 (Bloomberg) — The demand for fine wine has soared in China over recent years…but that growing thirst has created an opening for counterfeiters. David Ingles looks at the rise of fake wine and how to avoid getting burned. (Source: Bloomberg)
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6 Comments
Not surprising at all!
I like the scannable label to authenticate the wine. CA winemakers take notice.
How many people would actually bother to verify the authenticity of the product? Do you inspect every piece of meat in your Big Mac?
Soo….I find it funny how they left out how the fake wines compare to the real ones in terms of taste. I'm almost certain that the Chinese probably replicated the production process of the overpriced wines.
I'm in Australia and my chinese boss is over there now and has secured sales of about 2 or 3 shipping containers of wine to china. about time aussie vineyards started turning a profit. many have gone bankrupt already and those who held out and have links with the chinese market are gonna be grinning now!
Ah the land of label chasing