China has said that it has begun an anti-dumping probe into imports of Australian wine. This will probably worsen tensions between the two countries, and reduced the share price by one-fifth of Australia’s biggest winemaker.
The investigation by the Ministry of Commerce in China (MOFCOM) will investigate imports of wine from Australia in containers holding two litres or less in 2019. It would also examine possible damage to the Chinese wine industry from 2015-19.
The probe was requested by the Chinese Alcoholic Drinks Association. The Association asked the regulator to look into 10 Australian wine producers.