Chinese taking interest in Paso Robles wineries
on 28/07/14 at 1:40 pmWine
Chinese investors have shown increasing interest in the California wine market over the last few years and are now targeting wineries in the Paso Robles region for purchase. [KSBY]
China is now the fifth largest export market for California wines. Templeton real estate broker David Crabtree said that interested buyers from Mainland China come to the Central Coast at least once every other week to examine wineries.
“California wines are very desirable for China, and this area is certainly on their radars,” Crabtree said.
Only about one in 10 Chinese investors whom come to the Paso Robles area to look at wineries end up completing deals, Crabtree said. The investors face hurdles like getting wine through customs and distributing it across China.