Australia , the second largest wine market to China , is catching up on market leader France . France is by far the dominant wine seller to China, holding about 40 per cent of the imported wine sales market. Trade changes between the two countries in 2015 have reduced tariffs from 20 % to 3 % and wine exports to China have more than doubled since . At the same time , investment from China has flowed into Australia , with distributor YesMyWine acquiring a 15 % stake in Australian Vintage for AUD16.5 m ( $ 12.9 m ) in December . And in January Kilikanoon vineyard received an AUD15.5 m investment from China Changyu Pioneer Wine . Cain Beckett of Hunter Valley realty estimates 50 of the 250 Hunter Valley producers are Hong Kong or Chinese - owned .
Australia , the second largest wine market to China , is catching up on market leader France . Trade changes between the two countries in 2015 have reduced tariffs from 20 % to 3 % and wine exports to China have more than doubled since . At the same time , investment from China has flowed into Australia , with distributor YesMyWine acquiring a 15 % stake in Australian Vintage for AUD16.5 m ( $ 12.9 m ) in December . And in January Kilikanoon vineyard received an AUD15.5 m investment from China Changyu Pioneer Wine . Cain Beckett of Hunter Valley realty estimates 50 of the 250 Hunter Valley producers are Hong Kong or Chinese - owned .