New Market Research Report: Fine Wines/Champagne and Spirits in China
Although fine wines/champagne and spirits registered current value growth of 8% in 2013, mainly thanks to an increase in the average unit price, volume growth still saw a slowdown in growth compared with 2012. The central government's ban on purchasing and gifting luxury goods with public funds dampened volume growth, as did the strict implementation of the Road Safely Law, revised in 2012 after its first enforcement in 2011.
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