The thought of wine vineyards—to a wine connoisseur may reference thoughts of California and France. Here’s a thought—made in China—has taken a new meaning. To create premium wines—domestic and foreign wine makers are investing millions of dollars in Chinese vineyards.
The World's wealthy are investing in prime vineyards—from 300-year-old Chateaux in Bordeaux. Stockbrokers say the demand for raw acreage is rising.
Will Densberger says, "I would say the Chinese are far and away number one for buyers right now.” He also states, "The biggest demand is Taiwan."
A rich Chinese buyer purchased a vineyard in Napa for more than $3 million.
China’s wealthy are also buying up vineyards in France. Chinese investors recently purchased the elite Chateau Bellfont-Belcier vineyard. A Chinese buyer recently purchased a vineyard of Gevrey-Chambertin in Burgundy for more than $8 million. Read more.......