In a further example of how serious wine is being taken in China, Shanghai’s local government has set up an international trading platform to educate wine investors and to sell approved stocks of fine wines.
“The Shanghai International Wine Exchange (SWIE) is an internet platform which aims to be a bridge between consumer or investors, and fine wine producers or suppliers in regions such as Bordeaux, Burgundy, the United States, Spain or Italy,” Decanter.com reported.
“The SIWE exists to provide information to investors, to filter out counterfeit wines, and to be ‘a proper channel for anyone who wants to buy or sell wine to have that wine approve and to provide a healthy wine consumption culture in China.
“The site will be membership-only, and will be open to international investors, not only in China. The organisers expect individuals, negociants and wine merchants to join,”Decanter.com reported.
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