LWSP (Legacy Wine and Spirits International Ltd.)LWSP (Legacy Wine and Spirits International Ltd.) is on a path towards solid growth especially since it is focused its attention on one of the fastest growing wine markets in the world- CHINA!
Within the last two years importing and blending domestic and imported wines has risen over 15%; whereas imports have risen by 58.3%, an equivalent over three hundred seventy million dollars.
These trends show no signs of slowing and experts agree that China is the fastest growing market for wine production, wine consumption and cultivating grapes.
Overall, consumption of wine in China has now reached one bottle per year per person - which might not sound like much until you realize it accounted for 1.34 billion bottles.
And that's double what it was five years ago!