SYDNEY—Australian wine shipments to China grew at their slowest pace in four years in 2018, industry data showed on Jan. 15, in another indication that Sino-U.S. trade tensions were dragging on consumer spending in the world’s second-largest economy.
The slowdown in exports to less than a third of 2017’s breakneck speed adds to worries for investors, already on edge amid signs that softening Chinese demand was hurting businesses across the board, particularly after Apple issued a rare revenue warning citing weaker iPhone sales in the country.
