Australian luxury wine to China will take years to rebuild – Treasury
/cloudfront-us-east-2.images.arcpublishing.com/reuters/OHE6VJ3M2NOULETOQ3LFMYAQ4Q.jpg "Australian luxury wine to China will take years to rebuild – Treasury")
SYDNEY, May 16 (Reuters) – Chinese wine sales will not return to the same level for Australia’s Treasury Wine Estate (TWE.AX) even if high tariffs imposed during a political dispute with Canberra are dropped, its chief executive said. The world’s biggest standalone winemaker drew a third of its profits from China before anti-dumping and subsidy … [Read more…]