Retail in Asia

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“Tea bubble” feared as prices surge in China

China’s tea market, the largest in the world, teaches consumers this: there is tea, and there is tea. While tea is a daily staple for most Chinese, some exotic – and not so exotic – varieties are fetching previously unheard of profits that have tea farmers concerned about an industry bust.

As the yearly green tea crop hits the market this month, one particular variation stands out: Daqi, or "treasure" in Chinese, is a renowned type of Xinyang Maojian cultivated in the Henan province. Packaged in a cloisonne container with a sandalwood base and jade lid, Daqi may as well be considered green gold among connoisseurs.

(Source: red luxury)