Professor Blames Chinese Counterfeits for Causing $3.1 Trillion Loss for Global Wine Industry

Professor Blames Chinese Counterfeits for Causing $3.1 Trillion Loss for Global Wine Industry
An undated photo of wine barrels in Australia. (Courtesy of Wine Australia).jpg
Richard Szabo
Richard Szabo
Editor/Reporter
|Updated:

An international legal expert has urged more effective anti-counterfeiting measures to ensure fake winemakers in countries like China do not keep costing the global wine industry trillions of dollars in lost business.

Northumbria University Professor of Law Anqi Shen believes estimates that the global wine counterfeiting industry will be worth A$4.3 trillion ($3.1 trillion) by the year 2022.

Richard Szabo
Richard Szabo
Editor/Reporter
Richard Szabo is an award-winning journalist with more than 12 years' experience in news writing at mainstream and niche media organizations. He has a specialty in business, tourism, hospitality, and healthcare reporting.
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