China’s anti-dumping investigation into Australian wine exports will provide a substantial impact on South Australia’s export performance and more importantly our world class wine industry. South Australian wine exports to China make up around 30% of SA’s exports to China, and just under 10% of SA’s global exports. This threat of an anti-dumping finding against the Australian wine industry has vastly more impact on the South Australian economy than the previously announced restrictions on barley and beef.
China is the most important emerging market to the global economy, and arguably has been for hundreds of years, if not a thousand years. The 21st Century is no stranger to the allure of China, but do we in the west really understand China? Are we looking at China for what it is, or what we think it could be? Are we perhaps looking at opportunities in China through rose coloured glasses, tinted by the experiences of our home markets?
