中新网银川9月11日电 (记者李佩珊)9月11日至12日，由农业农村部国际合作司、法国驻华大使馆联合主 办，宁夏贺兰山东麓葡萄酒产业园区管委会、国际葡萄与葡萄酒宁夏交流合作中心承办的中法葡萄与葡 萄酒产业合作启动会在宁夏银川市举行。 宁夏政协副主席王和山表示，葡萄酒是沟通世界的语言、文化交流的使者、赓续友谊的纽带，宁夏正锚 定"国际葡萄酒之都"目标，持续完善产区基础设施，建成集种植、酿造、文旅于一体的产业集群。希望 中法科研机构、高校和企业开展联合攻关，在葡萄种植、葡萄酒酿造、病虫害防治、产品质量检测等关 键技术领域加强合作，共同攻克技术难题，提升产业核心竞争力。同时，双方可通过举办联合博览会、 品鉴会、艺术展览、学术研讨等活动，加强人才交流和贸易往来，扩大葡萄酒进出口规模，进一步增进 两国人民对彼此文化的了解和认同。(完) 活动现场。宁夏贺兰山东麓葡萄酒产业园区管委会供图 （文章来源：中国新闻网） 宁夏贺兰山东麓葡萄酒产区是中国最大的酿酒葡萄集中连片种植区和酒庄酒产区。2021年5月，由农业 农村部、工业和信息化部、宁夏回族自治区人民政府共同推动建设的宁夏国家葡萄及葡萄酒产业开放发 展综合试验区成为中国第一 ...

Core Viewpoint - Australia, as the guest country at the current service trade fair, has set new records in exhibition area and number of exhibitors, highlighting its emphasis on the Chinese market and opportunities [1] Group 1: Trade and Investment Opportunities - Australia has been China's largest trading partner for 16 consecutive years, indicating the importance of this relationship for future trade and investment opportunities [1] - The Australia-China Free Trade Agreement (ChAFTA) has been in effect for ten years, and its high-quality implementation and review are crucial for future cooperation [1][8] - The Australian Trade and Investment Commission emphasizes the need for deep connections between Australian enterprises and Chinese partners, with expectations for mutual benefits in the service trade sector [4] Group 2: Exhibition Highlights - The Australian national pavilion at the trade fair is the largest ever, showcasing a diverse range of industries including higher education, financial services, and tourism [3] - Notable Australian brands in food, health products, and wine are featured, representing the diverse appeal of Australian trade goods [3] Group 3: Future Cooperation Areas - There is significant potential for deepening cooperation in high-tech fields, particularly in medical research and technology commercialization [6][8] - The focus on sustainable agriculture and innovative educational institutions reflects a trend towards responsible business practices and meeting societal needs [5][6] Group 4: Service Trade Development - The service trade sector has seen slower progress compared to goods trade, but it remains a key area for future negotiations and development [8] - The Australian government aims to listen to the real needs of enterprises to better understand and seize new opportunities within the existing framework of the free trade agreement [8]

Group 1 - Australia has set new records in terms of exhibition area and number of exhibitors as the guest country at the current service trade fair, highlighting its emphasis on the Chinese market and opportunities [1][2] - The Australian pavilion at the fair is the largest ever, showcasing a diverse range of industries including higher education, financial services, and tourism, as well as notable brands in food, health products, and wine [2] - The event aims to facilitate deep connections between Australian enterprises and Chinese partners, with 15 memorandums of understanding signed, indicating significant opportunities in bilateral service trade [3] Group 2 - The current global trade environment is complex, necessitating transformation and innovation among enterprises to remain competitive, as reflected in the diverse participation of Australian companies at the fair [4] - The focus on high-tech sectors and collaboration in medical research and technology commercialization is emphasized, with notable participation from a Nobel laureate, showcasing the depth of cooperation between Australia and China [5] - The China-Australia Free Trade Agreement (ChAFTA) has significantly boosted bilateral trade, with ongoing efforts to enhance service trade liberalization and address the needs of enterprises in future negotiations [6]

Core Viewpoint - The traditional marketing methods in the competitive wine market are becoming ineffective, and the creation of a "founder IP" is essential for brand development, establishing deep trust with consumers [2][4]. Group 1: Market Dynamics - The essence of shrinking competition is a final showdown of brand strength, with traditional development logic in the wine industry becoming obsolete [4]. - In the past, channels and distributors dominated the market, with cost-performance being the key to attract distributors, which diminished the importance of branding [4]. - With the reduction of large distributors, cost-performance has become a direct factor in attracting consumers, making brand building crucial [4]. Group 2: Brand Development - The unique challenge in the wine industry is that both product brands and corporate brands struggle to gain recognition, with no wine achieving the level of a blockbuster like Moutai in the past 20 years [4]. - Many companies represent multiple countries' wines, leading to a lack of a core identity for corporate brands [4]. - The "founder IP" is seen as the only viable path for brand building in the wine industry [4]. Group 3: Consumer Engagement - The wine industry must be grounded in professionalism while respecting the market, conveying the scene value and emotional attributes of wine, and lowering consumption barriers [4]. - A significant mistake in the past 20 years has been equating professional knowledge with culture, which has deterred many consumers [4]. - Companies need to return to the cultural attributes of wine, integrating it with socializing, banquets, and daily leisure, promoting the idea of "easy drinking" rather than creating consumption barriers through professional thresholds [4].

Core Insights - The 2025 Global Wine Tourism Conference was held in Yantai, showcasing the city's innovative approach to integrating wine and tourism to overcome industry challenges [1][3] - Yantai has established the first national wine tourism development alliance, effectively integrating resources from both the wine and tourism sectors to promote collaboration and resource sharing [3][5] Industry Developments - The alliance has created four premium travel routes and organized promotional events in key regions, significantly increasing tourist engagement with Yantai's wine culture [5][6] - International visitor numbers to Yantai's wineries have increased from 10% to 25%, indicating a growing interest in wine tourism [6] Cultural Integration - Yantai's wine industry is deeply embedded in the city's culture, with various attractions and events designed to enhance the visitor experience and promote local wine heritage [7][9] - The city has developed 22 wine-themed tourist attractions, receiving approximately 3 million visitors annually, highlighting the successful transformation of wine tourism into a cultural experience [9] Economic Impact - The "company + cooperative + farmer" model in rural areas has led to significant employment opportunities, with local farmers earning increased incomes through wine-related activities [9] - The wine tourism sector has become a vital driver for the integration of primary, secondary, and tertiary industries in Yantai [9] Consumer Experience - Yantai's wineries are offering diverse cultural experiences, including music festivals and gourmet dining, to attract younger consumers and enhance the overall visitor experience [10][12] - Innovative product offerings, such as the "Long Tail Cat" white wine, are specifically designed to appeal to the Z generation, reflecting a shift towards younger consumer preferences [13]

Core Viewpoint - The Chinese wine industry is experiencing a significant decline in production, with a notable drop in output for the year 2025 compared to previous years [1][2]. Industry Summary - According to the National Bureau of Statistics, the wine production in China for July 2025 is projected to be 0.6 thousand kiloliters, representing a year-on-year decrease of 25% [1]. - Cumulatively, from January to July 2025, the total wine production in China is expected to reach 5 thousand kiloliters, which indicates a decline of 26.5% compared to the same period in the previous year [1]. Company Summary - Listed companies in the Chinese wine sector include Zhangyu A (000869), Weilang Co., Ltd. (603779), Zhongpu Co., Ltd. (600084), ST Tongpu (600365), Xibu Chuangye (000557), and Huangtai Wine Industry (000995) [1].

Group 1: Economic Overview - Chile is referred to as the "long sock of South America" due to its elongated geography, stretching 4,352 kilometers north to south but only 97 kilometers at its narrowest point [1] - Chile's GDP per capita is projected to be approximately $17,000 in 2024, making it the highest in Latin America and a high-income country [1] - The country's economy is primarily supported by four key industries: copper mining, fruit exports, wine production, and fishing [1] Group 2: Copper Industry - Chile holds the world's largest proven copper reserves, accounting for over 30% of the global total, with reserves exceeding 200 million tons [1][2] - The Chilean Copper Commission (Cochilco) forecasts that copper prices will adjust to a range of $3.90 to $4.00 per pound in 2025, but will stabilize above $4.00 per pound in the long term [3] - The short-term price decline is attributed to supply-side challenges, including aging mines and water resource shortages, which affect copper production capacity [4] Group 3: Fruit Exports - Chile is the world's largest exporter of cherries, with an expected export volume of 60,000 tons in the 2024/2025 season, representing 55% of global cherry exports [5] - The country produces approximately 50,200 tons of cherries in the 2023/2024 season, ranking fourth globally [5] Group 4: Wine Production - Chile ranks second in South America and seventh globally in wine production, with an annual output of 1.1 to 1.2 billion liters [6] - Approximately 75% of Chile's wine production is exported, with over 800 million liters expected to be shipped globally in 2023 and 2024 [6] Group 5: Fishing Industry - Chile has a coastline exceeding 10,000 kilometers, providing rich fishing resources [8] - The export of Chilean salmon to China has surged, with total export value surpassing that of lithium, making it the second-largest export product after copper [8] Group 6: Industry Development - Chile has focused on extending its industrial chain and promoting green transformation in traditional industries [8] - The country is optimizing its export policies and expanding into emerging markets, particularly in China [8]

Group 1: Trade Policy Changes - The recent executive order signed by President Trump allows for adjustments to import tariffs based on agreements with foreign trade partners, potentially reducing some tariffs to zero [1][2] - The order emphasizes that the U.S. will not typically reduce tariffs or modify Section 232 tariffs before final agreements are signed, particularly those related to steel and aluminum [2] Group 2: U.S.-Japan Trade Agreement - The U.S.-Japan trade agreement, signed just before the tariff order, establishes a 15% baseline tariff on nearly all Japanese imports, with significant reductions for the Japanese automotive sector [3] - This agreement is seen as a practical template for Trump's tariff policy, with Japan offering market access in key sectors in return [3] Group 3: Legal Challenges - Trump's tariff policy faces significant legal challenges, with a federal appeals court ruling against the use of the International Emergency Economic Powers Act (IEEPA) for implementing "reciprocal" tariffs [5][6] - The outcome of these legal challenges could have far-reaching implications for global trade agreements involving the U.S. and its allies [6] Group 4: Economic Impact - The Federal Reserve's Beige Book indicates that the tariff policy has led to price increases across various regions, with many households struggling to keep up with rising costs [7][8] - Businesses are raising prices to offset increased costs due to tariffs, impacting consumer spending [8] Group 5: Global Supply Chain Disruption - Trump's tariffs are disrupting global supply chains, particularly in the automotive sector, where manufacturers are required to produce vehicles and parts domestically [9] - The elimination of tax exemptions on low-value imports is expected to further complicate supply chain dynamics [9] Group 6: Agricultural Sector Impact - The tariff policy has adversely affected the agricultural sector, with Italian wine producers facing unprecedented challenges due to increased costs and market access issues [10][11] - The burden of increased costs is expected to be shared between producers and consumers, complicating pricing strategies [11] Group 7: Federal Reserve Response - In response to economic fluctuations caused by tariffs, the Federal Reserve is considering interest rate cuts, with potential reductions of 100-150 basis points anticipated in the coming months [13] - The Fed's actions will depend on economic data and the ongoing impact of tariff policies [13] Group 8: Future of Global Trade - The uncertainty surrounding U.S. trade policies is exacerbating global trade volatility and hindering economic growth, particularly affecting developing countries [14] - The effective tariff rate has reached 25%, significantly increasing costs for average households, especially impacting low-income groups [14][15] - The ultimate impact of Trump's tariffs remains uncertain, with various factors influencing whether these policies will reshape global trade or fade into history [15]

Core Insights - The Italian wine industry is facing significant challenges due to the U.S. government's adjusted "reciprocal tariffs," which have led to a decline in export profits and forced wine producers to alter their market strategies [1][2] Group 1: Economic Impact - Italian wine producers are projected to incur approximately €317 million in losses over the next year due to the current U.S. tariff policy [2] - The Italian wine sector, which is a crucial part of the national agricultural system, is experiencing unprecedented impacts from these tariffs, threatening years of investment in quality and international market expansion [1][2] Group 2: Market Adjustments - Many Italian wineries are seeking to diversify their market strategies to reduce reliance on the U.S. market, with a focus on expanding into Asian markets and other regions [3] - The president of the Chianti Wine Consortium emphasized the need for the Italian wine industry to accelerate its export strategy transformation towards more stable markets, including South America, Asia, and Africa [3] Group 3: Supply Chain Challenges - Italian wineries are facing additional pressures from market demand fluctuations and delayed purchases from U.S. importers, leading to increased inventory and financial strain [2] - The impact of U.S. tariffs is also affecting global trade dynamics, as U.S. wine is facing retaliatory actions in markets like Canada, further complicating the supply chain for Italian wine exports [2]

Global Market Overview in H1 2025 - The global fine wine market is experiencing a recovery phase, with a 6.3% increase in monthly transaction volume compared to the previous year, averaging 2,234 transactions per month [3] - Despite a decline in prices, the volume of wine sold has increased, indicating a shift in buyer behavior towards value-oriented purchases [3] Buyer Preferences - Buyers are favoring older vintages of high-quality wines over newer ones, which face greater pressure due to high sales volumes in the secondary market [6] - Value is becoming paramount, with buyers increasingly opting for wines that offer high quality at reasonable prices, rather than just well-known brands [6] - Notably, the trading volume of prestigious estates like First Growths and top Burgundy and Champagne producers has increased, suggesting that buyers see long-term value in these wines despite falling prices [6] Bordeaux Market Recovery - The Bordeaux wine market is showing signs of recovery, with a 9.3% increase in monthly transaction volume in 2025 compared to 2024 [9] - By mid-2025, 1,015 different Bordeaux wines have been traded, representing 88% of the total volume traded in 2024 [10] - However, Bordeaux wines are under significant price pressure, with an average price drop of 7.15% for wines that have been repurchased [10] Burgundy Market Trends - The Burgundy wine market is also in a recovery phase, with a slight decrease in transaction volume but stable monthly trading activity [16] - The average price of Burgundy wines has decreased by 5.9%, indicating a cautious market attitude [18] - Despite the price decline, 32.7% of Burgundy wines have seen price increases, suggesting a selective buyer interest in high-quality vintages [18] Champagne Market Stability - The Champagne market has shown resilience, with price declines significantly lower than those in Bordeaux and Burgundy [21] - The average price of Champagne has only slightly decreased from £1,996 to £1,948, while trading volumes remain stable [21] - Future supply constraints could lead to price increases, enhancing the market's growth potential [21] Italian Wine Market Dynamics - The Italian wine market is undergoing consolidation, with older vintages (pre-2002) seeing a 36% increase in trading prices, outperforming the regional average [23] - Despite a 7.2% average price drop across 338 Italian wines, 30% of these wines have seen price increases compared to the previous year [25] - The top ten Italian producers account for 64% of total trading volume, indicating a preference for well-known brands among collectors and investors [27] U.S. Market Challenges - The U.S. wine market is facing significant challenges, with over 80% of wines experiencing price declines [29] - Despite this, transaction volumes remain stable, with total trading volume in 2025 expected to slightly exceed that of 2024 [29] - Notable U.S. brands are under pressure due to reduced demand from the Chinese market, impacting their pricing and market position [29] Other Global Market Changes - The global fine wine market outside the major regions is showing resilience, with a projected 15.3% increase in trading volume compared to 2024 [31] - Factors driving this growth include strong performances from South American and Spanish wines, as well as a resurgence of Australian wines in the Chinese market [31][33] Market Outlook and Summary - The fine wine market remains in an adjustment phase, but signs of recovery are evident in several regions, with buyers becoming more discerning about value and quality [35] - Key regions like Burgundy and Bordeaux are stabilizing, while Italian top estates are consolidating their market positions [35] - The next six months will be crucial for shaping market sentiment for 2026, influenced by macroeconomic factors and currency fluctuations [35]