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Countries -- for the Fox Business Network welcome to my favorite favorite time of the week why -- -- -- to -- -- They talk about stuff that really intrigues me because China is -- -- and I don't know I don't just China as far as I can throw them.
Seizing its job executive editor of wind -- if -- here with us as well -- -- guessing you don't really trusts them as much either.
I think history of counterfeiting and I and that those translated.
Says it's something thing that producers and people in the industry ears keeping.
So -- so little background -- a lot of fantastic models basically are being counterfeited there.
And you're saying that they just open him up empty it -- -- -- and close it back up and sell it for the original price it goes there's a level that it goes everywhere from something that simple to something much more complex something much sophisticated.
It's happening and a lot of couple's past comments and increasing.
And I think that as wine and it becomes more a culture in China -- as those prestige lines become war.
Where attractive people.
You're going to find.
And again there is a culture of counterfeiting in China so it's like I think we've injuring and lines here forever no one's benefiting them here.
Yeah and you also remember have a consumer base in the United States that's what we're knowledgeable -- so I think you -- on the ground level you have people here who are looking -- -- that will notice -- something looks off.
They'll taste the wine and bill that's the case and this is probably doesn't really it's like Anwar or something at the level and I paid for it in the Chinese just the consumer level yet -- that's -- part of the problem but that's actually.
And that is you know a lot of times in business you will.
If someone you're trying -- impress.
Or doing business with with something very expensive something very prestigious or exclusive wine has become very much -- -- back culture what's happening because we know there's a bunch of cases now a lot of people who -- Americans who have.
Purchase wine and auction.
Realize that they got screwed too you know trying to take this to -- and it and fix it what's happening.
Well I think again it's it's a growing problem throughout the world and that's.
The good and bad is wine as a culture's growing worldwide right and as white as a culture as well why it's -- the negative sides of it which is counterfeiting and and targeting collectors to mean not handle as much as they should know when they're buying these expensive -- So what's happening is you know you're just seeing more of these cases I think it's -- -- in -- -- really -- what happened in the legal system to protect people is it just French wines notes.
Again in the Chinese market it's mainly French wines but you'll see -- That's considered each -- -- if you're talking super pass through it your all -- from.
Any of those lines are are -- dangerous.
Commodity when it comes -- it's such testimony to read because you need you need to Chinese kids there they're starting to become really large producers at the same time I'm sure the French like begrudgingly want to -- them.
Well I mean the -- I think as most people in the world right now are thrilled itself that the Chinese consumers a huge -- market.
And there's a lifestyle of wine that's growing with the growing middle class in China and that could mean.
Very big numbers and wine industry right great -- -- -- picture.
I think everybody's.
Excited about that change but also very very.
Aware of of some of the culture what's happening you -- before I let you go you're in China recently.
I'm actually going to China going thanks -- -- -- -- what's different and new going on there other than the fact that they're picking up.
You know French wines are they dabbling in everything these things so.
Just you know part of the reason why the easiest has been getting into the market and we have a Chinese edition re election.
I'm in Mandarin Chinese is because there is growing culture there and it's not just for Christy bodily apps that is big part of what they're doing.
But they're becoming more interest in value lines in lines from places like Chile Argentina.
From California -- era.
As they get more interest in western culture.
As -- -- the wine culture grows throughout the world the Chinese are following suit and a -- -- billions of bottles a year once.
Things get -- speed with their option.
Really interesting stuff Susan thank you for being here -- -- -- this be careful out there.
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