Wealthy Chinese lose taste for French vineyards


A once massive series of acquisitions of prestigious French vineyards by wealthy Chinese investors has largely dried up and become sold up after Beijing's disapproval of flashy spending and its clampdown on capital outflows, but also because of the effects of the Covid pandemic and culture clashes with French workers.

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Perched on the banks of the Gironde estuary in southwestern France, the pink mansion of Chateau Loudenne is surrounded by 116 acres of planted vines that run downhill toward the water, reports Bloomberg.