Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

Blog

Are the Chinese to blame for rising wine prices?

Ben Christopher

20th September 2010

Share this content:

The Chinese seem to be getting the blame for a lot these days, so it comes as no surprise to read this headline

“Bordeaux 2009 vintage ‘to hit record prices’ thanks to Chinese demand”

“While export volumes fell 14 per cent last year, sales to the Chinese market almost doubled.” - and we´re not talking 3 pound bottles from Tesco either, “Buyers can expect to pay more than 1,000 euros for a bottle of Chateau Ausone (Saint-Emilion) en primeur - pre-release - meaning it will not be delivered until the end of 2011”

However, with the Chinese Government´s attempts to rebalance its export-oriented economy by boosting domestic consumption, maybe increased demand for this luxury good is evidence of the improved purchasing power of millions of Chinese consumers?

Share this content:

Ben Christopher

Now teaching in Dubai.

You might also like

Ending Peruvian Poverty

8th October 2015

Global Goals are set to address poverty and underdevelopment

6th October 2015

Dissecting the Commodity Price Meltdown

5th October 2015

Uber faces UK regulatory review

2nd October 2015

How do you deal with someone who thinks the Earth is flat?

23rd September 2015

Don't panic - how to end poverty!

23rd September 2015

Teaching PowerPoints for A Level Economics

23rd September 2015

John McDonnell's Economics

16th September 2015