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    Red wine sales decline

    2014-10-13 10:08 Global Times/Agencies Web Editor: Qin Dexing
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    Sales of China's homegrown red wine dropped 8.52 percent year-on-year to 40.8 billion yuan in 2013, a report said Friday.

    Total sales volume of imported red wine also dropped by 1 percent to 9.68 billion yuan last year, or about 20 percent of the Chinese market, according to consultancy the Fortune Character Institute.

    But average price of foreign red wine hit a record high of $4.15 per liter last year, a 3.5 percent year-on-year expansion, it said.

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