With wine mania re-emerging across the world, China, the main exporter for Bordeaux wines, has been progressively purchasing vineyards in the Bordeaux region, in what can only be described as the Asian giant’s ever growing thirst for property in the renowned French wine-making region.
The representative 100th Chateau was purchased by Chinese millionaire James Zhou in Tabanac, located on the right bank of the Garonne River in the Cadillac Cotes de Bordeaux region. Bought for an undisclosed figure Chateau Renon, located 30minutes from the centre of Bordeaux, came with 20 acres of vineyard and over 5 hectares of gardens.
Ongoing Asian interest in the fine wine market has no signs of slowing, and can be dated back to when the Chinese began to acquire Chateaus in 2010 in order to meet growing domestic demand and to serve as a status symbol. Now a primary export market for Bordeaux wines, the Chinese have invested around 10 million euros in the Bordeaux provinces. Evidence suggests that this figure may double if not treble in the coming years.
Mostly attracted to mid-range Chateaux, the Asian superpower now acquires 1.3% of the 7400+ Chateaus in the Bordeaux region. The region’s main foreign owners are still the Belgians, but the Chinese are catching up fast in second place.