Import tariffs, said the Swiss watch industry is not big price cuts

[Global Times correspondent in France Fang] French "Le Monde" reported that the Chinese anti-corruption, public opposition to lift travel and luxury consumption, the huge Replica Swiss Watches, wine and other high-end consumer goods industry influence. According to the latest statistics of French wines and spirits Federation released in February of this year, 2013, French wine and spirits sales in China decreased. China originally France's third-largest exporter of spirits, but in 2013 suddenly fell to fifth place. French wine sales in China of all types in 2013 fell 18%.

The world's largest spirits companies - Britain's Diageo announced on the 17th, the first quarter of this year, due to reduced consumer demand in the Asia-Pacific region for nearly 1/5 of alcoholic beverages, the company's total net sales decreased 1.3 percentage points. Stock price plunged 4 percent. In contrast, the loss of France's most serious Remy Cointreau. 80% of the Group's profits depend on the brand's high-end brandy, and China in recent years has been a key market for the brand. Affected by the sharp decline in sales in China, the annual operating profit of Remy Cointreau's fear will plunge 35-40%, almost double the expected decline. Famous Martell cognac brand renowned Chinese market, Pernod Ricard of France also suffered "winter", its annual sales in China to double-digit rates also decline.

According to the British firm Euromonitor data, in 2012, the Chinese market consumption of about 27 million liters of brandy, in 2007 more than doubled. Among them, 95% of the market share by the European traders Hennessy, Pernod Ricard, Remy Cointreau segmentation. Pernod Ricard said its 20% of brandy sales are achieved through KTV, YTD, double-digit sales decline in this area.