TWE 1.75% $11.06 treasury wine estates limited

Potential Chinese Boycott of Aus Exports., page-23

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    According to Austrade:

    A recent Export Update from Wine Australia shows the value of Australian wine exports globally grew by 3% year-on-year to April 30, 2020. However, Australian wine imports to China year-on-year to March 31, 2020 declined by 14% by value and 8% by volume.

    However, a recent McKinsey survey found 60-70% of Chinese consumers expected to resume or increase their alcohol consumption after the COVID-19 outbreak abates.

    That's a thirsty market.
 
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