China Business & Economy

Chinese-Owned Vineyards in France Seized on Suspicion of Tax Fraud

Chinese-Owned Vineyards in France Seized on Suspicion of Tax Fraud
A worker plows to remove weeds with a horse in a vineyard of the Chateau Troplong Mondot in Saint-Emilion, near Bordeaux, southwestern France, on April 26, 2018. Georges Gobet/AFP/Getty Images
Frank Fang
Frank Fang
journalist
|Updated:
China’s love for French-grown wine has gotten it into trouble.
Haichang Group, a petroleum trading company based in Dalian, a port city in northeastern China’s Liaoning Province, owns 24 wine estates in the Bordeaux area, one of France’s premier wine-growing regions, making the group one of the biggest Chinese investors in wineries in the region.
Frank Fang
Frank Fang
journalist
Frank Fang is a Taiwan-based journalist. He covers U.S., China, and Taiwan news. He holds a master's degree in materials science from Tsinghua University in Taiwan.
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