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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: THE ANT who wrote (148025)4/26/2019 9:06:08 PM
From: Maurice Winn  Respond to of 217540
 
The dilution has always been. That's why a farthing isn't even a unit of money now. Or a half farthing. Or halfpenny. Or penny threepence sixpence and a shilling is now a pathetic little unit about to vanish along with what was the florin and half crown.

Also why a house that was $10,000 in 1970 is $1,000,000 now. Also that a plumber costs $100 an hour instead of $1 an hour.

Mqurice



To: THE ANT who wrote (148025)4/26/2019 9:15:20 PM
From: TobagoJack  Respond to of 217540
 
re MMT vs QE

QE would have devastated team Ningxia Hui (moslem tribe) region, one of the poorest in China and that is saying something material

MMT did otherwise

I have not tried any Chinese wine in any systematic way, but have certainly done Chinese caviar, and they are super

scmp.com

A glitzy Covent Garden award dinner gave Xi Jinping’s poverty alleviation programme in Ningxia a kick start. Here’s howNingxia, on a similar latitude in the so-called golden zone for winemaking with Bordeaux wine region, is betting on viticulture as its ticket out of poverty Hong Kong is turning itself into Asia’s wine trading and distribution hub, after removing all duties and administrative controls in February 2008
Peggy Sito
The award was a seminal moment for the mainland’s wine industry, dispelling widely held views that Chinese wine was undrinkable.

But it also shone a spotlight on Ningxia, a landlocked sliver of land on the edge of the Gobi Desert, and on the important role winemaking has had and continues to have in boosting the economy of what is still one of the country’s poorest areas. Its average annual per capita income was 18,832 yuan (US$2,800) in 2016, in the bottom third of the country’s 31 provinces and regions.





Before the arrival of viticulture, Ningxia’s 6.8 million people, 36 per cent of whom are Muslims from the Hui ethnic group, relied largely on animal grazing, subsistence agriculture and the cultivation of wolfberries used in traditional Chinese medicine.

However some farmers realised that the mostly desert region, sitting on the edge of the Loess Plateau, shared a similar latitude with the so-called golden zone for winemaking in the Bordeaux region of France.

The eastern foothills of the Helan Mountains in particular met all the conditions for growing grapes for wine: ample sunlight, irrigation, permeable soil and a good temperature range.

China Great Wall Wine and Yantai Changyu Pioneer Wine Company, the country’s two dominant winemakers, were the first to cultivate grapes in Ningxia in the mid 1980s, blending Ningxia-grown ones with others harvested elsewhere to produce red wine that did not identify the grape varieties.



A joint venture winery operated by Cofco-Great Wall in Ningxia, on 25 April 2019. Photo: SCMP/Peggy Sito

The industry got a major boost in 1997, when President Xi Jinping, then Communist Party chief of Fujian province, suggested as part of an assistance programme for Ningxia that he was supervising, that winemaking could be its ticket out of poverty.

He proposed resettling entire village communities from poorer areas to arable land near the Yellow River, which snakes its way through the north of Ningxia near the regional capital of Yinchuan.

Three decades later, there are 86 wineries in the Helan Mountains foothills and another 98 under construction, putting Ningxia in a position to overtake the Yantai-Penglai region in Shandong province – which produces 40 per cent of the country’s wine – as the country’s viticulture capital.



A view of Zhang Jing’s Helan Qingxue vineyard, with a view of the Helan Mountains in the background. Photo: Handout

A total of 120 million bottles of wine are produced from 38,000 hectares (93,900 acres) of vineyards in Ningxia, or a quarter of the country’s wine production.

The provincial government has heavily supported the industry, spending between 200 million yuan and 300 million yuan every year over the past six years.

It has eased regulations to facilitate the import of 1.8 million nursery stock from France over two years with 646,000 seedlings, and introduced 26 varieties of virus-free grapes to the region.

Local and foreign investors poured into Ningxia to set up vineyards, and winemakers from France, Italy, Australia or South Africa have also made their way to the region.



A winery’s cellar in Ningxia on 25 April 2019. Photo: SCMP / Peggy Sito

Changyu and Cofco-Greatwall have opened their biggest winery plants in the region, while Moet Hennessy, the beverages flagship of the LVMH luxury goods conglomerate, is producing sparkling wine there.

By the time Xi returned to Ningxia in 2016 for an official tour, Zhang’s award-winning Helan Qingxue vineyard was already a flagship brand in the region, and had gathered a loyal following.

“The Ningxia government gave us a lot of support, from the import of seedlings to the training of talent, promoting Ningxia brands, as well as offering financial subsidies to winegrowers,” Zhang said.

Winemaking is now one of Ningxia’s most important growth industries, and has created an estimated 120,000 jobs.

It generated 5 billion yuan (US$743 million) in annual sales and 20 billion yuan (US$2.3 billion) in annual output last year. By 2022, output may quintuple to 100 billion yuan (US$14.9 billion), with the region producing more than 500 million bottles of wine and creating 150,000 jobs.



In 2011, LVMH’s flagship drinks subsidiary, Moet Hennessy, planted its first vineyard in Ningxia through its sparkling wine operation Chandon China. The vineyard is seen here on Thursday. Photo: Peggy Sito

That would put it in a position to catch up with Bordeaux, which produces 700 million bottles of wine every year.

Up to 21 grape varieties can be found here, including chardonnay, riesling and vidal blanc for white wine, and cabernet sauvignon, cabernet gernisget, merlot, pinot noir and marselan for reds.

“With a latitude similar to Bordeaux – which is located between 37 and 40 degrees north – Ningxia is ideal for vineyards,” said Shi Taifeng, a former Jiangsu provincial governor who took over as Ningxia’s Communist Party secretary in 2017.

?Watch: When Chinese wine got a thumbs-up in 2016

“There is a gap between us and east coast provinces but the gap is not that huge … Our infrastructure development is comparable to east coast provinces and we hope to bring Ningxia wine to the international market.”

He noted though that there was still work to be done to really put the region’s wines firmly on the international map.

“We have planted the grapes and have been recognised for producing wine of international quality,” said Shi.

“Now comes the stage of marketing and brand building.”



A vineyard a the eastern foothill of the Helan Mountains in Ningxia is seen being prepared for cultivation on Thursday. Photo: Peggy Sito

That has already been a long struggle for Ningxia’s wines – Zhang’s 2011 Decanter award was considered such an upset that some critics questioned Jia Bei Lan’s provenance. It took a December 2011 blind taste session in Beijing, where four of the top five wines tasted were from Ningxia, to convince them.

Even now Jia Bei Lan is difficult to track down outside mainland China. A 2013 vintage is available at The Wine Republic in Beijing for 555 yuan (US$82) a bottle inclusive of sales tax, according to listings on winesearcher.com.

At that price, it would struggle to compete with many local wines from Yunnan, Shaanxi and Shandong provinces, as well as imported varieties from both Old World and New World producers, whose presence in the market has been increasing after Beijing cut tariffs on wines last year.

At the same time, a slowdown in the nation’s economy has had an impact on wine production as consumers cut back on discretionary spending.

Domestic production shrank in 2018 for the fifth consecutive year, declining by 37 per cent to 6.29 million hectolitres, as smaller vineyards found their thinning profit margins to be unsustainable in the face of falling demand.



Wolfberries, used in traditional Chinese medicine and in Chinese cuisine, is a speciality in Ningxia. Photo: Peggy Sito

Still, the outlook remains bright for wine market as a whole. Investment bank Julius Baer forecast last year that the population of wine drinkers aged between 26 and 35 would increase from 48 million in 2015 to as many as 80 million in 2020.

That would make China the world’s second-largest wine-consuming market after the United States.

To help Ningxia’s wines, the local authorities are lobbying the central government to remove a 10 per cent consumption tax and make further cuts to the value-added tax to bring down the price tag, said Cui Bo, chairman of the Ningxia Chinese People’s Political Consultative Conference (CPPCC).

At the same time, the local government’s marketing strategy is to promote wine at the lower end of the price range, lining up five wineries to co-produce the He Lan Hong series of wines, selling them at 128 yuan (US$19) a bottle to attract new drinkers.

It is also looking to Hong Kong to be a springboard to launch its products abroad, according to Shi, the regional party secretary, who believes the city’s marketing and brand building expertise can make up for Ningxia’s lack of experience.



A packing factory in Ningxia for processed wolfberries, used in traditional Chinese medicine and Chinese cuisine. Photo: Peggy Sito

The city is the world’s second most important auction market for wine after New York, and some in the Hong Kong wine trade say that using such marketing experience could benefit mainland China’s producers.

“You can find most wine varieties in Hong Kong,” said Isabella Ko Tsz-ching, a 28 year-old Hong Kong native and founder of Ohmydear Holding, which imports wines into the mainland.

“Chinese winery companies should not see Hong Kong as a consumption market, but a market for marketing,” she said.

Some Ningxia producers have already discovered how Hong Kong can help.



Vineyards at the eastern foothill of the Helan Mountains in Ningxia. Photo: Handout

Wang Fang, owner of the Kanaan Winery, recalled the difficulties her company faced when it marketed its wine in Hong Kong few years ago.

“It was very difficult for us to sell out 5,000 bottles in Hong Kong. It took a long time,’ said Wang.

“But later on when we met foreign wine drinkers or friends abroad, they told us that they knew our company because they had tried our wine in Hong Kong,” she told a Hong Kong delegation of businessmen including wine merchants in a seminar held in Yinchuan.

Kanaan Winery is now one of the Ningxia brands that are better known in the international market, along with the Silver Heights Winery.

Kanaan’s wines are exported to the UK and Australia, among other countries.

Simon Pun, a Hong Kong wine importer invited by the Ningxia government to advise on the overseas promotion of its products, said the region could combine its budding wine culture with tourism to boost the local economy.

“The positioning is important. Ningxia’s biggest market should be in China,” he said.




To: THE ANT who wrote (148025)4/26/2019 9:20:12 PM
From: TobagoJack  Read Replies (1) | Respond to of 217540
 
earlier results from his work per call of duty

ala peace and MMT dividends

Message 29835928

amazing what global peace and planetary tranquility, or at least localised versions of same can enable, facilitate or otherwise spawn

this below is still at the giggles and laughs stage, but let us watch & brief and see what if anything happens to the swiss watch and texas beef industries

in the mean time i am told the J31 stealth fighter and hypersonic whatever and undersea grid of sub-detection systems seem to also work okay, or close enough for generation 1 toys, at several fens on the dollar cost

online.wsj.com

Fine Wine and Caviar—Made in China?



IT TAKES A CHÂTEAU | On the outskirts of Beijing, Changyu AFIP winery, which aspires to European-style vintages, is a Disney-esque experience, complete with a faux medieval castle and village. Photography by Nacho Alegre for WSJ…



FOLLOW THE CORKS | Signposts at Changyu direct visitors to a brave new world of Chinese grape wine, once considered a distinctly Western taste. Photography by Nacho Alegre for WSJ. Magazine



Liu Yang, who fell in love with French cheese while studying in Corsica, now produces his own line in Beijing under the label Le Fromager de Pekin. Photography by Nacho Alegre for WSJ. Magazine



Inside Changyu winery Photography by Nacho Alegre for WSJ. Magazine



Cheese from Le Fromager de Pekin Photography by Nacho Alegre for WSJ. Magazine



Changyu’s product line includes special wedding vintages. Photography by Nacho Alegre for WSJ. Magazine



BARREL FEVER | A cellar at Grace Vineyard Photography by Nacho Alegre for WSJ. Magazine



LOCAL HERO | A dish at Madison, a Western-style restaurant in Shanghai that uses only Chinese ingredients. Photography by Nacho Alegre for WSJ. Magazine



A worker at Changyu winery Photography by Nacho Alegre for WSJ. Magazine



Sky Zhang, from the Peninsula’s restaurant Photography by Nacho Alegre for WSJ. Magazine

ByTony Perrottet

Dec. 3, 2014 12:38 p.m. ET
ON A RARE CLEAR DAY, Grace Vineyard, 310 miles southwest of Beijing, might be mistaken for a winery in Tuscany. The balcony of the Italianate mansion overlooks lush rows of grapevines stretching to the horizon, where low mountains hover in the haze. Picnic tables sit scattered in a garden beneath slender trees that rustle in the dry wind. But take a stroll outside the winery gates, and you instantly step into the heart of provincial China. The unpaved lanes lead to farming villages whose crumbling facades are daubed with old Communist Party slogans and hung with tattered red flags. The motorbikes rattling past are beaten-up relics from Mao’s day; the grape pickers moving through the fields wear traditional broad peasant hats. Beyond them sit the half-forgotten byways of Shanxi province, a region renowned in the Imperial era as a center of trade and banking but more notorious in recent decades for its polluted cities devoted to the coal industry. Only a short drive away lie remnants of China’s ancient glory, such as the enormous Chang Family Manor, once the luxurious abode of tea merchants, its interior lined with exquisitely carved wood.

Grace Vineyard is focused more on China’s future. In the elegant dining room adorned with contemporary artwork, a small army of servers glides around me. While the kitchen prepares a banquet of delectable Shanxi treats, including scissor-cut noodles, sautéed river fish and fried bing pastries, a fastidious wine steward creeps up at regular intervals to refill my glass with Grace’s flagship Cabernet blend, the rich and velvety 2008 Chairman’s Reserve, rated 85 by Robert Parker’s website for its subtle blackberry flavors and hints of bay leaf, pepper and cedar.

Grace is at the forefront of one of China’s more improbable trends, as the most successful of a new wave of boutique wineries. Most have cropped up in the dry terrain of Ningxia in the north. But winemakers are also venturing into China’s more varied landscapes, laying vines from the deserts of the old Silk Road to the foothills of the Himalayas. There are now around 400 wineries in the country. Wine consultants from France, Greece, California and Australia are becoming as common as foreign IT experts in Shanghai, and the local product is being marketed not only to expats but to an increasingly sophisticated Chinese clientele.

The results are beginning to startle critics. In 2011, the Cabernet blend Jia Bei Lan, from the Helan Quingxue vineyard, became the first Chinese wine to take the prestigious international trophy at the Decanter World Wine Awards (judges praised its “supple, graceful and ripe” flavors and its “excellent length and four-square tannins”), and in 2011, four Chinese reds, led by Grace’s Chairman’s Reserve, beat French Bordeaux in a blind taste test in Beijing with international judges. Although some cried foul—wines had to be under $100, including the 48 percent mainland tax on imported wines—more vocal Chinese patriots hailed the result as heralding the arrival of an industry, evoking the famous blind tasting in 1976 when California wines outshone the Gauls for the first time.

As they advance, China’s boutique-wine pioneers may also help upend one of the many myths about the country. The conventional wisdom—or cliché—is that China can reproduce Western manufacturing or technology overnight, but European artisanal culinary delicacies that have evolved over generations are all but impossible to replicate. And yet, even apart from wine, there are dozens of small producers in China who are now attempting to do just that, with surprising success. Truffles, burrata cheese, prosciutto, feta, Roquefort, baguettes, foie gras—almost every Western gourmet item has been tackled by Chinese entrepreneurs for a new audience of adventurous diners. The Temple Restaurant Beijing, a contemporary enclave that is part of a 600-year-old temple near the Forbidden City, offers excellent French-style cheeses crafted by Le Fromager de Pekin, founded by a local producer named Liu Yang. His specialties include Beijing Blue and Beijing Gray, whose consistency falls between a Camembert and Saint Marcellin. At Sir Elly’s Restaurant at the five-star Peninsula Shanghai, if you order the selection of caviars, three will be Chinese. For a decade already, a Chinese caviar industry in the rivers bordering Russia has been winning accolades and is exporting to the U.S. and Europe.

The main hurdle is convincing consumers to give Chinese products a chance—a problem that is particularly acute with wine. An affinity for grape wine seems culturally far removed from the Middle Kingdom. For some 4,000 years, the Chinese have preferred grain-based wine (typically rice), a dark, fortified brew that often resembles dry Sherry. (It became a state monopoly under the ancient Tang dynasty, when the government ran taverns that doubled as brothels, featuring female musicians outside to lure customers.) And like many uninformed outsiders, when I was first offered a glass of Chinese grape wine in Shanghai’s spectacular restaurant M on the Bund, I thought it was a practical joke. The idea tends to provoke remarks about toxic side effects—losing taste buds, for example, or even the sight in one eye. “Five years ago, you might have been right,” the owner, Michelle Garnaut, says, handing me a glass of Grace’s 2010 Chardonnay as we stand on the balcony facing the skyscrapers of Pudong. The first sip is a surprise—crisp and bright, with subtle nectarine flavors.

In fact, grape wine was first grown commercially in China in 1892, using vines imported from California, when it was marketed to foreign residents and the first rising class of Westernized Chinese. It was a strong beginning: In 1915, the winery, Changyu, won a string of gold medals at the Panama-Pacific International Exposition in San Francisco, and in the wild and decadent 1930s, sultry movie star Hu Die (“the Chinese Marilyn Monroe”) promoted it in Shanghai. After a long period of stagnation following the Communist Revolution, production of wine began expanding after the country’s embrace of capitalism in the 1980s. According to Vinexpo, an international wine and spirits trade group, China is now the world’s eighth-largest wine producer and will be the sixth-largest by 2016, surpassing Australia and Chile. But the emphasis has long been on quantity rather than quality, with enormous state-owned companies like Great Wall and Dynasty churning out cheap wines for locals with industrial speed, often using grapes imported from Argentina and South Africa.


ENLARGE
Vineyards of Shanxi province, which has produced award-winning vintages. Photography by Nacho Alegre for WSJ. Magazine

For a glimpse of an old-school winery, I make the pilgrimage one drizzly afternoon to Château Changyu AFIP, located in a rural district an hour-and-a-half drive northeast of Beijing. It’s the descendant of China’s pioneer 1892 company and now part of a conglomerate whose scale can only send a shudder down the spine of the average oenophile. The winery isn’t hard to spot, since it boasts a reproduction French château, its turrets rising above the verdant vineyards. The sense of Disney fantasy only increases as I enter part of the winery complex called Foreign Town, a faux European village complete with medieval church, a store where Chinese newlyweds are having their photos printed on wine labels and a shop mysteriously called the Holy Grail Factory—all utterly deserted but awaiting busloads of tourists.

Accompanying me is the Beijing-based wine blogger Jim Boyce, who has covered the local wine industry for more than eight years and has been a consistent advocate for the boutique wines of Shanxi and Ningxia. Boyce, who has the slightly disheveled appearance and acerbic wit of Newman from Seinfeld, is having trouble readjusting his palate to China’s pollution after a trip to the bucolic Sonoma Valley. For days after his return to Beijing, he jokes, the bouquet of every wine, good or bad, was vaguely like smog, the first sip rather like lead. (“And the hangovers are worse here,” he mourns.)

A guide named Nan Xìa leads us into the château to inspect the bunkerlike cellar, where private wine collections are stored behind Arthurian coats of arms inscribed with Chinese calligraphy, and a Wine Culture Museum, which includes a photo of Changyu wines being served to President Obama at a state dinner. (“The closest thing to an assassination attempt yet,” Boyce murmurs.) The tour ends up in a cavernous tasting room, where a young sommelier, Wong Fuyue, hesitantly serves a 2008 Chardonnay at room temperature to the Muzak version of the Titanic theme song. “I would describe this wine as anemic,” Boyce notes. “There’s not much nose. But at least it’s clean.” When told that it sells for more than $100 a bottle, Boyce almost drops his glass. “I can buy a Chilean bottle for $12 at the supermarket—and it’s better! Why would I buy this wine?”

Wong Fuyue grins and turns up his palms. “I don’t know!” Nan Xìa is unperturbed by the bad review. “Can we all take a photo together?”

After visiting Changyu, it is easy to understand why the arrival of smaller producers causes such relief and excitement among China’s wine lovers. Some experts believe that the sheer novelty of the situation is leading to overenthusiasm. “A few years ago, Chinese wine was terrible,” Boyce says. “Now it’s not. But the industry is still in its infancy,” he cautions.

The boutique wines are expensive—thanks to their small-scale production and China’s high transport costs—retailing from $40 to $80. And production in some vineyards is minuscule. But the quality of the boutique wines is now undeniable—the country has the soil, the climate and an aptitude for the technical aspects of production—and the range of domestic wines is expanding, like so much in China, at an accelerating pace.

THE RISE OF boutique wineries is just one element turning the wine world on its head; another is the recent boom in international wine imports to China. At the luxury end of the market, the shifting tastes of China’s super wealthy are now dictating prices at auction houses around the world. Hong Kong led the way, abolishing the tax on imported wine in 2008 and becoming the world’s No. 1 wine auction market by 2011. “People say it’s a miracle, but it’s not,” says Gregory De’eb, general manager of Crown Wine Cellars, a fine-wine storage facility housed in a World War II ammunition depot leased from the Hong Kong government. For decades, Hong Kong’s wealthy had been storing their wines in cellars overseas. “In 2008, the floodgates opened,” De’eb says. “There was 40 years’ worth of wineknowledge, 40 years’ worth of stocks and a huge amount of capital. All the building blocks were in place.”

‘A few years ago, Chinese wine was terrible. now it’s not. But the industry is still in its infancy.’

—Jim Boyce

This wine expertise is now percolating through the mainland. “China started late, but it’s catching up quickly,” says Simon Tam, head of wine at Christie’s in China. “In just a few years, people have reached a very high level of appreciation. Chinese clients used to talk only about prices and vintages, not what was in the bottle. Now the important thing is not how much money you have but how you express it in wine knowledge.” Tim Weiland, former general manager of the exclusive Aman at Summer Palace in the emperor’s onetime retreat in Beijing, suggests that the image of China’s wealthy class as crass nouveau riche—mixing expensive Bordeaux with Coca-Cola, for example—is entirely out of date. “The nouveaux riches of 10 years ago are now the old rich,” he says. “They have homes in Switzerland and Aspen, they’re incredibly sophisticated and well-traveled—much more well-traveled than I am—and they know their wines.”

Foreign importers are eager to expand their foothold far beyond the luxury market, as an estimated 200 million potential consumers in China’s growing middle class are exposed to wine for the first time. China is already the world’s fifth-largest wine-consuming country. At fine restaurants in Beijing and Shanghai, where Chinese diners make up the majority, customers regularly pore over wine lists and discuss options in detail with the sommelier. “Eight years ago, Chinese people were not confident about wine,” says Jackie Song, former wine steward at the Mediterranean restaurant Sureño, in Beijing’s trendy Opposite House hotel. “All they would drink was French, especially Burgundy. But now they try Spanish wines, Chilean, Greek.”

The number of Chinese-born sommeliers has increased exponentially over the past five years, with great career rewards for the most dedicated. Jerry Liao, who won the China National Sommelier Competition in 2013, had barely tasted grape wine a decade ago when he began working in high-end restaurants. “I was basically forced to learn,” he says. “Otherwise I would have lost my job.” Once he discovered his talent, Liao rose quickly through the ranks and is now hotel sommelier at the new Jing An Shangri-La in Shanghai. Even more meteoric has been the rise of Yang Lu, a gifted young sommelier who became the wine director of the entire Shangri-La hotel empire in 2012. “I’m in the first wave of Chinese sommeliers,” he says. “We all realize that we’re opinion leaders. We feel a lot of responsibility. And there’s a lot of pressure.”

Wine is also being offered at more social events in China. When I was invited to a dinner party at the Beijing studio-residence of artist Wang Mai and his wife, Liu Chunfeng, joining poets, pop stars, gallery owners and curators in a warehouse filled with sculptures and giant oil paintings, the evening began with Prosecco and moved on to Australian Shiraz to complement the Sichuan hot-pot dinner, in which morsels of meat and vegetables are dropped into boiling oil. Wang remembered first trying sweet Chinese white wine at age 10 but has so far been unable to sample the new boutique wines. “The only Chinese wines I can afford are almost undrinkable,” he says. “I’ll stick with Barossa Valley.”

“Grace Vineyard is a model for the Chinese wine industry’s potential,” says Tam of Christie’s, pointing to its consistently good results over the past decade. Grace has an annual production of two million bottles, specializing in robust reds, with a few fine whites. Next year, Grace is even releasing the first Chinese sparkling wine, a blanc de blanc.

But on China’s wild frontier of taste, the artisanal success stories are nothing if not eccentric. Even the birth of Grace Vineyard sounds like the premise of a reality-TV show. “We’re considered a miracle in the industry,” says Judy Chan, the CEO of the family-owned company, whose father moved from mainland China to Hong Kong in the 1970s after the Cultural Revolution. “We had no experience in wine, no connections, no distribution network.” Chan’s businessman father, Chun Keung Chan, purchased 150 acres of farmland in Shanxi in 1997 to fulfill a fantasy of owning a winery, and in 2002, as the first vintage was hitting the market, he handed over the reins to his spectacularly unqualified 24-year-old daughter. A psychology graduate who had recently quit Goldman Sachs, Chan had experienced wine only as a teenager on holiday in Burgundy, where she drank two glasses of red and fell asleep on the couch. Her arrival in the backwaters of rural Shanxi was a culture shock, as she was collected from the airport by the surly local vintners, who were suspicious of her youth, gender and evident inexperience. “When they mentioned Cabernet Sauvignon, I didn’t even know what they were talking about,” she recalls. “But I BS-ed my way through—a skill I had learned from Goldman Sachs.”

She had to learn almost every aspect of the industry from scratch, Chan tells me when we meet at a Michelin-starred Hong Kong restaurant, Bo Innovation, which serves a range of Grace wines with its molecular Chinese cuisine. A local designer created Grace’s first label, Chan says, but “it looked like soy sauce. We had to beg people to take it.” She hired an Australian consultant, Ken Murchison, and to improve quality, they uprooted half the original vines, which horrified government officials (“In China, everything has to get bigger and bigger!”). Even marketing the unfamiliar product had its comic elements. In 2003, Grace opened its first retail store in Fuzhou, where Chan’s family originated. “For 16 days, not a single person walked in,” Chan recalls. When one finally did, the four shopgirls rushed him. “He fled! They scared the poor guy to death.”

The breakthrough came when hotels in Hong Kong, Shanghai and Beijing began to serve Grace wines—the Peninsula chain even commissioned a special label. The initial appeal was to foreigners who enjoyed the novelty, but the new wave of Chinese middle-class diners has now become the majority of the market. “A lot of Chinese people are proud of our wines and want to show them off,” says Chan, who admits there is still a deep prejudice against Chinese wine overseas. But if the quality is consistent, China can overcome its poor image, she suggests, as New World wines have. “People forget that when Californian and Australian wines first came out, consumers were very, very skeptical. The French looked down their noses for decades at the Napa Valley.”


ENLARGE
Photography by Nacho Alegre for WSJ. Magazine

WARINESS OF THE “Made in China” label is even more severe when it comes to food, thanks to the scandals that have become a staple of international news since 2008, when baby formula tainted with toxic melamine killed six infants and sickened 300,000 more. In 2013, tens of thousands of chickens were slaughtered for fear of bird flu, and a crime ring was arrested for passing off rat and mink meat as lamb.

The small producers of artisanal Western delicacies are so far untouched by such scandals. Consider the rise of Chinese caviar. Siberian sturgeon was first imported in 1997 to a research station on the Amur River, on the Russian border. A visiting French scientist suggested harvesting it. Today, China accounts for 20 percent of world output, filling the gap left by overfishing and poaching in the Caspian Sea. The majority is exported to the United States, Europe, Japan and even Russia, and it’s served in first-class air cabins and sold under the esteemed Petrossian label. But it still struggles to overcome the made-in-China stigma.

Swiss-born chef Florian Trento of Hong Kong’s Peninsula hotel recalls being deeply apprehensive when his counterpart in Shanghai invited him to try the caviar. “I said, ‘Really? Chinese caviar?’ He said, ‘Trust me!’ And it was fantastic.” Now two types of Chinese caviar are on the Peninsula menu in Hong Kong. “Often we do blind tastings because Chinese products have such a bad rap,” Trento says. “Diners are very, very surprised.” He sees it as a template for what is possible in China. “The quality is excellent, the industry is well-regulated, the farms are sustainable,” he says. “We are very keen to support it.” Still, even in Beijing markets, Chinese caviar is sold with Cyrillic labels to look Russian. “In the long term, the Chinese have to fix things. There’s been one scandal after another. How much more can you destroy your reputation?”

Because of their size, most top restaurants and luxury hotels import ingredients from overseas—beef from Australia, produce from California, mozzarella from Italy. But in the former French Concession of Shanghai, one upscale restaurant, Madison, has gone to the opposite extreme and makes a point of serving only locally sourced produce. The menu, although technically new American, reads like a lesson in Chinese geography. There’s smoked trout from the coastal waters of Fujian, pan-roasted chicken from the mountains of Anhui, Wagyu tenderloin from the fields of Dalian. The truffles for the hollandaise and morels for a huangjiu sauce are sourced from the Himalayan foothills of Yunnan, while ingredients for side dishes such as potato purée with garlic scapes are gathered from small farms near Beijing.

“You can’t say that China doesn’t have great ingredients,” says the chef-owner, Austin Hu, who moved with his family to Shanghai when he was 8, studied at the French Culinary Institute in New York City and apprenticed at Danny Meyer ’s Gramercy Tavern. “There’s a huge amount going on out there. In fact, Chinese produce does not have to be inferior; it can be better.” One employee works full-time tracking down produce across the Chinese countryside, meeting farmers and fishermen outside the industrialized food system. “It’s a lot of work,” Hu admits when we meet at the bar of his softly lit, SoHo-style space, a refuge from the city’s chaos. “When you take the extra step to find the little guys, it can be a revelation.” He has discovered small, pesticide-free farms cropping up, with names such as Little Donkey Farm, which sounds as though it was transplanted from Brooklyn. He’s met an independent beer maker in Inner Mongolia who sold his brew in 100-crate lots (“We send a guy up there to negotiate and truck it ourselves to Shanghai”) and has come across a delectable salt-cured ham from Yunnan. (“I’ll put it up against any type of prosciutto.”) One small producer near Shanghai was even producing hand-pulled burrata, employing teams of women who once made dumplings by hand. (“Their finger skills are great.”)

Hu says that the homegrown concept has been a hard sell. “Some customers, when they discover it’s all locally sourced, will stand up and leave the restaurant. I tell them they’re being closed-minded. I say, ‘Give it a shot!’ But it’s hard to break the mind-set.” Another problem is the relatively high cost. “Chinese people are pretty value sensitive,” says Hu. “They praise a restaurant that is xìng jià bi, good value. These local ingredients are not cheap, so it’s a risk for people to break out of their regular eating habits.” But as concern about food quality mounts in China, customers are becoming more prepared to pay extra to know their food is safe. “During the bird-flu scare, we sold more chicken than ever,” says Hu’s cousin, Garrett, who helps run Madison. “People trust our sourcing.”

It’s a strange twist that every new food scandal bolsters the sales of artisanal Western foods, even in the most difficult gastro frontier, cheese. Many Chinese are lactose intolerant and find the rich milk product difficult to digest, but Liu Yang, one of the first to produce French artisanal cheese in China, says that while his first customers in 2009 were Western expats, they are now outnumbered by locals. “Parents want their kids to have safe, real food,” he says. “When they come to my shop, I explain where my milk comes from and how the cheese is made.” For most, a visit is a totally new experience. “I give them a tasting platter and talk over tea about how to appreciate the flavors.”

With his close-cropped hair and horn-rimmed spectacles, Yang looks more like an intellectual from the 1960s than a hipster gourmand, and his factory, where a half dozen women in hairnets work over shiny industrial vats, is improbably located in a row of shops in an outer Beijing suburb. His own introduction to quality cheeses began slowly, Yang explains, when he moved to France to study business management 13 years ago. “Like most Chinese people, I had only ever tasted processed yellow cheese,” he says. It wasn’t until he moved to Corsica in 2005 that he had his conversion, when he learned that his neighbor handcrafted his own cheese and was willing to share his experience.

On his return to Beijing, Yang tried his hand at cheese making using local dairy. Not surprisingly, he could not replicate the exact flavors: French cows tend to graze on grass in the mountains, so an herbal flavor infuses their milk, while Chinese cows feed on grain at industrialized farms. (There is an organic dairy in the region, but its prices are prohibitive, Yang says.) Even so, he was able to monitor his milk’s quality by buying direct, and he now gets milk from cows fed with grass in the countryside. Since opening his shop in 2009, he has expanded from his Roquefort-style Beijing Blue to six cheeses of varying richness and consistency, and he has just begun selling a goat cheese. “Food culture is very important to all Chinese people, and they are open to new tastes,” Yang says. “The rich and the poor go to restaurants regularly. Eating is the most enjoyable thing in life.” And the cultural leap is not as great as imagined. “We eat fermented tofu, so we can eat fermented cheese.”

The speed of change depends largely on the Chinese economy. “We talk about education as a way of developing China’s wine culture,” says Yang Lu of the Shangri-La chain. “But the most important thing for growth is having a stable middle class, with a disposable income. Unlike in the U.S. or Europe, wine is still a luxury product rather than a daily beverage.” Still, many believe that for local winemakers in this near-virgin territory, the prospects can only improve. “It’s true that Chinese wine doesn’t have a recognizable identity yet, unlike, say, a classic Napa Valley or Clare Valley wine,” says David Shoemaker, the American-born head sommelier at Pudong Shangri-La, East Shanghai. “But very soon, I think, we will be able to taste a wine and say, ‘Ahhh, that’s a classic Shanxi.’ ”



To: THE ANT who wrote (148025)4/26/2019 9:25:44 PM
From: TobagoJack  Respond to of 217540
 


I know what to do in the coming week :0)

shall post to Jetson

MMT has been awesome



To: THE ANT who wrote (148025)4/26/2019 11:26:34 PM
From: Maurice Winn  Read Replies (1) | Respond to of 217540
 
Money isn't oil and if it was, then putting more in an engine doesn't make it run better once there is already plenty there.

Money is already mass produced, diluted and prolific. Anyone can already buy anything if they have earned enough. People who haven't earned any can't buy anything. There's no reason for governments to rob me and give my efforts to indigent people with no value.

It's not as though a 1c piece is worth 1000 hours of effort. It takes a negligible small effort to earn 1c so there's no need to produce more "Oil".

The only reason to produce more money is to dish it out to selves and buddies to dilute others and rob them right out of their wallets without touching them.

Mqurice