Bottles of Penfolds Grange, made by Australian wine maker Penfolds and owned by Australia's Treasury Wine Estates, sit on a shelf for sale at a wine shop in central Sydney. China said on Tuesday (Aug 18) it has begun an anti-dumping probe into imports of Australian wine in a move that will likely worsen tensions between the two countries and knocked a fifth off the share price of Australia's biggest winemaker. - Reuters
BEIJING/SYDNEY, Aug 18 (Reuters): China said on Tuesday it has begun an anti-dumping probe into imports of Australian wine in a move that will likely worsen tensions between the two countries and knocked a fifth off the share price of Australia's biggest winemaker.
The investigation by China's Ministry of Commerce (MOFCOM) will look at imports of wine from Australia in containers holding two litres or less in 2019, the ministry said in a statement. It would also examine any damage done to the Chinese wine industry from 2015-19.
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