Wine & Spirits
China's wine brands made a respectable showing at this year's Decanter World Wine Awards, taking home two more medals than last year.
A recent report of China's top 50 brands is sparse on luxury, with only a few wine and spirits companies making the cut.
As controversy is sparked over plans to develop vineyards in Sichuan and Shaanxi, experts say that wine from these areas is likely to be of low quality.
Amidst the continuing crackdown on banquet and gifting culture, recent Chinese news reports that Moutai baijiu can now be purchased for less then 800 RMB a bottle.
While China's wealthy urbanites are cutting back on conspicuous consumption this year, particularly in the run-up to this fall's decennial government changeup and amid a tougher overall economic climate, one country that stands to continue to gain from China's evolving luxury demand is Scotland.