4. Australian wine sales hit hard by Chinese austerity drive Australian winemakers might have to wait until 2015 to see a return to growth in China. Until 2012, Chinese drinkers had been devouring Australian wine, but Beijing’s anti-corruption drive, along with a broader austerity program, has smashed the demand for luxury goods, from wine to Ferraris.

Source: Sydney Morning Herald, March 31, 2014