China Cuts Back on High-Priced Bordeaux
The party's over for Bordeaux first-growths in China. President Xi Jinping has told the country's free-spending political elite to cut back on their extravagant lifestyles, leading to a sharp drop in demand for Bordeaux's classified-growths, with the first-growths taking a particularly hard hit under the new government's austerity platform. Wine Spectator's Suzanne Mustacich reports.
For the full article, check out the new issue of Wine Spectator, on newsstands June 4, 2013.