This week, the Australian wine industry is making headlines following China's decision to lift its tariffs. In response, the South Australian government has announced the launch of an AU$1.85 million support program to assist local wineries in re-entering the Chinese market. In other news, Treasury Wine Estates, the parent company of Penfolds, is set to increase prices for its premium wine series. Additionally, we explore the shifting perceptions of Chinese consumers towards screw caps as this year marks the 60th anniversary of their adoption in the wine industry.

In a separate development, the former deputy head of China's state-owned conglomerate, C&D, is under investigation by Chinese authorities, raising questions about the future of its wine department, which was once the nation's largest importer. Meanwhile, ProWine Tokyo is about to commence tomorrow, and we've spoken with the Prowein team to discover why this event is considered essential for wineries and exhibitors targeting the Japanese market. Here are the details:

Read all the important news here.

Unlocking Japan’s Wine Market: Why ProWine Tokyo Is a Must-Attend for Exhibitors

While the total consumption of alcoholic beverages in Japan has been decreasing for over 20 years, wine and spirits have been on the rise. Here's why ProWine Tokyo is the must-attend fair for wineries and exhibitors interested in the market.

Xiamen’s Anti-graft Watchdog Investigates Former Deputy Head of C&D

The anti-graft watchdog in Xiamen is investigating the former deputy head of the state-owned conglomerate, C&D Group. Its wine division was once China's largest wine importer, wielding such significant influence that Bordeaux broke with tradition to accommodate the conglomerate.

South Australia Launches $1.85 million Wine Support Program to Re-enter China

The Government of South Australia has launched an export program worth AU$1.85 million aimed at supporting the local wine industry in its efforts to re-enter the Chinese market, which was previously importing AU$1.2 billion of Australian wine annually.

60 Years of Screw Cap: Has China Seen A Twist Yet?

This year marks the 60th anniversary of the adoption of screw caps for wine bottles. In Australia and New Zealand, a whopping 90% of wines are sealed with screw caps. However, in China, many consumers believe that cork closures carry a greater sense of quality and tend to prefer wines with cork stoppers. But after years of popularization of screw caps, has there been a shift in this perception within the Chinese market?

TWE to Hike Penfolds Prices Following Beijing Tariff Lift

Following Beijing's decision to lift tariffs on Australian wine last week, Treasury Wine Estates has announced a price increase for its premium Penfolds range, set to take effect on July 1.

How a Single Bottle of Vintage Moutai Cracked Open a Multi-Million Smuggling Ring

How a RMB 200 1995 vintage Moutai helped customs officials crack a multi-million smuggling case in Nanjing, China.

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Chile’s VSPT Wine Group Dazzles Chengdu with Cultural Extravaganza and Strategic Partnerships

Conrad Launches ‘Wides Champagne by the Glass Program in Hong Kong’

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