Iconic South Australian wine brand Penfolds to launch 'made in China' vintage in effort to skirt Chinese tariffs
Penfolds parent company Treasury Wine Estates will release its first "made in China" vintage to the domestic market later this year.www.abc.net.au
It is interesting that Penfolds are willing to kowtow to the CCP so they can get easier access to the Chinese market. It is all about the profit.
An Australian company selling out to the Chinese for the sake of making more money who would of thunk it? I think the CCP have.
"Penfolds parent company Treasury Wine Estates (TWE) will release its first "made in China" vintage to the domestic market later this year.
The company said it had found "promising characteristics" in grapes sourced from Ningxia, in China's central-north, and Shangri-la in the south-western Yunnan province.
Chief Executive Officer Tim Ford said the move represented Treasury Wine's "commitment to China." Translation. Commitment to accessing the Chinese market because there is a metric f*ckton of money to be made.
What? You think corporations give a crap about democracy? Sorry that got cynical. It is what it is though.
Although I did find the outrage about that American Olympic freestyle skier competing for China more funny than I should have. She sure did cop a lot crap but if you look at it objectively she took the option that makes her the most money. What is wrong with that.
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