Why Is China Snatching Up Australian Farmland?
In the past year, Chinese investment in Australia's overall agricultural sector has skyrocketed, from $300 million to $1 billion. It's all to feed the world's largest, fastest-growing consumer class.
At the wine tasting room of Taylors Wines in Sydney, Australia, bottles are uncorked, poured, swished, sniffed and sipped. There's a lot for employees to toast this year.
"The Australian wine sector is growing at a fast rate," says Mitchell Taylor, the winery's managing director. "And what is exciting is the top level, about 20 to 30 dollars a bottle
