Chinese threatens Wine Industry

China has launched an anti-dumping investigation into Australian wine exports, as trade tensions between Beijing and Canberra continue to escalate.Wine is the third Australian industry to be hit by China this year, with beef and barley exports already facing trade sanctions.China's Government has also warned both tourists and students not to travel to Australia as the relationship between the two countries sours.China's Ministry of Commerce announced the investigation this morning.The ministry said it would look at whether Australian winemakers "dumped" larger bottles of wine at deliberately low prices in order to crowd out local producers and claim a bigger market share.The move has already sent tremors through the industry.Last year Australian wine exports to China were valued at $1.25 billion, more than a third of the whole export market.Shares in Treasury Wine Estates are already in a trading halt after plunging almost 15 per cent this morning.

https://www.abc.net.au/news/2020-08-18/china-launches-investigation-into-australian-wine-exports/12569640