Rebuilding Chinese Wine Market May Take a Decade

Bottles of Australian wine are displayed at a supermarket in Hangzhou, in eastern China's Zhejiang Province on November 27, 2020. STR/AFP via Getty Images

Australian wine producers expect it will take years before they recover the approximately $1.2 billion (US$0.8 billion) in sales to China, following Beijing’s removal of punishing tariffs on imports.

The Chinese Ministry of Commerce announced late on March 28 it was “no longer necessary” to impose sanctions on Australian wine imports.