consumption

By Toby Luckhurst

  • The middle class customer base is shrinking in the US, as the top 5 per cent of earners drives consumption.
  • Women have discovered an entrepreneurial streak in Spain in the face of high unemployment and a sluggish economic recovery.
  • Sarah Carr writes on the Egyptian military’s efforts to stifle dissenting voices in the wake of the coup against Mohamed Morsi.
  • US productivity is suffering in the wake of the global recession, to such an extent that Silicon Valley-based Blueseed plans to launch a cruise ship into international waters to allow immigrants to start new businesses without seeking residency.
  • Norwegians praise Iraqi Farouk Al-Kasim for creating their “oil fund”, one of the largest sovereign wealth funds in the world, and avoiding the resource curse.
  • Scarlett Johansson’s decision to side with SodaStream in the West Bank controversy foreshadows Israel’s own need to decide on the future of its settlements on the occupied land.

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Sampling wine at a Shanghai wine fair (AFP)

As the China-EU solar dispute deepens, oddly enough, wine has been brought into the fray.

Here are seven interesting factoids you may (not) know about China and wine.

1. Chinese investors have bought up 30 French chateaux vineyards over the past four years and they aren’t stopping at that. There’s another 20 deals in the pipeline. Will they be affected by any probe?

2. Chinese wine importers were prominent bidders in the recent Elysee wine sale.

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