Chinese investors have become the second largest foreign players in French vineyards after Britain, according to a study recently published by Vinea Transaction, a French agency network transactions wine.
Twenty percent of the vineyards in the hands of foreign investors in France belong to Chinese investors, with 22% owned by British investors, according to the study, noting that foreign investors have totally 12,000 hectares, only 1.98% of 600,000 acres of French vineyards covered by the study.
The study was carried out with care over the vineyards of major labels, excluding Champagne and Cognac.
While UK investors widely cover six of the seven regions of vine investigated by the study, Chinese investors are almost entirely concentrated in the Bordeaux region.
According Vinea Transaction, 47% of the 193 areas of Bordeaux held by foreigners are held by Chinese investors, as areas of prestige as Bellefont-Belcier, Laulan Ducos, Chenu-Lafitte or were bought by them.
In addition, 90% of foreign investments are concentrated in the Bordeaux and Mediterranean areas, said Vinea Transaction.
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