CHINA'S HEALTH WINE MARKET EXPAND RAPIDLY
AsiaInfo Services, May, 2009
AsiaInfo Services 05-04-2009 China's Health Wine Market Expand Rapidly SHENZHEN, May 04, 2009 (SinoCast Daily Business Beat via COMTEX) -- Though China health wine market is growing at a rate of 30% each year, sales of health wine account for less than 0.5% of the entire alcohol market in this country, according to the latest data compiled by the China Brewery Industry Association. Hainan Yedao (Group) Company Limited (SHSE: 600238), the second largest health wine maker in China, expects the market value to top CNY 13 billion by 2010. As the market leader, Jing Brand Company Limited recorded as much as CNY 2 billion in sales in 2008, while Hainan Yedao pocketed CNY 485 million. In the first eleven months of 2008, Chinese alcohol companies scored CNY 280 billion in...
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