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Last updated: Saturday, December 5, 2009
Chateau China
Hong Kong
Hong Kong

Wine and prosperity flow along on the same current of joy. A recent Wall Street Journal story by Laura Santini reports that Hong Kong has become an international wine hub, thanks to the growing appreciation of wine and luxury accompanying the new Chinese economy. (Hong Kong is now Sotheby’s leading wine-auction market.) The city has seen an especially large uptick in business because of the elimination of a 40 percent tax on wine imports (it’s 43 percent on the mainland). The preferred bottle to cement and celebrate a business deal? The 1982 Chateau Lafite Rothschild, which sells for roughtly $5,000 in Hong Kong. Although local wine experts suspect a lot of it is counterfeit. 12/5/09.

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