Australia's surge in wine exports to China begins to slow

CANBERRA (Reuters) -Australia's wine export boom to China that followed an improvement in relations between the two countries is showing signs of slowing, amid a broader global decline in the number of bottles headed to the world's second-largest economy. China is the Australian wine industry's most lucrative overseas market but its consumption of wine is falling sharply, amid a more gradual decline worldwide. Australia shipped just over A$1 billion ($640 million) of wine to China in the 12 months to March 31 this year, data from industry body Wine Australia show.