FRANCE/

China demand driving world wine market growth

China is expected to be the world’s seventh largest wine consumer by 2013 as the nation’s thirst for vintages continues to grow amid an economic boom. The country will consume around 1.26 billion bottles of wine in 2013, an increase of about 32 percent from 2009, according to findings of Vinexpo, organiser of one of [...]

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GM to end Hummer as deal with Chinese firm fails

General Motors is to wind down operations of its Hummer vehicles – after failing to complete a planned takeover by a Chinese firm. GM did not comment on why the sale to China-based Tengzhong had collapsed. Reports have said Beijing had refused to approve the purchase. GM agreed to sell the brand last year, as [...]

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Ernst Benz ChronoScope PEK Watch

To celebrate the Chinese New Year, Ernst Benz has launched its intriguing ChronoScope PEK Limited Edition watch. The timepiece represents a precious object of design encouraged by Chinese numerology and the number 8 in particular – the “lucky number” in China. Developed and produced in Switzerland, the Ernst Benz ChronoScope PEK Limited Edition watch employs [...]

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China goes gourmet with foie gras

China’s ever-growing taste for luxury goods is extending into the culinary world — and that’s good news for Jean-Marie Vallier, who runs a duck farm and foie gras factory outside Beijing. Two years ago, French group Euralis — the world leader in foie gras production — invested 2.7 million dollars in the facilities, aimed at [...]

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Club Med to open ski village in China

Upmarket French leisure group Club Med said Thursday it will open a Club Med ski village in China, its first venture into the huge and booming Chinese leisure market, in November. Club Med reached agreement with Melco China Resorts to run the ski village at the Mountain Yabuli resort, developed by MCR since 2008 in [...]

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Happy Chinese New Year !

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