A tea cake can be exchanged for a BMW? China's sky-high tea becomes a hotbed of corruption

Published 2021년 4월 21일

Tridge summary

The article highlights the escalating prices of spring tea in China, with some tea cakes being priced high enough to purchase luxury cars or properties. The inflated prices are due to promotion hype, corruption, and speculation, with some teas being used as gifts for bribery. The high prices result from the tea's perceived art value, uncertainty in pricing, and speculation, leading to significant profits but also risks of serious losses for investors. The difficulty in distinguishing between genuine and counterfeit tea, despite strict production controls, was also noted.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[Epoch Times April 21, 2021] Now is the time when mainland spring tea is launched. The tea leaves are frantically fried again. The price of a tea cake can be exchanged for a BMW, and (7) tea cakes can be bought in Guangzhou. A suite is not a legend. In the mainland, tea with "special effect tea", "service tea" and "financial tea" is expensive, with a price tag of hundreds of thousands or even millions. Some also use tea to corrupt or transform into financial products to make money. scam. Listen to the news: (For more information, please go to the "Listening Era" platform) According to a report by the mainland Xinhua News Agency on April 20, in recent years, some businesses have exaggerated the promotion of tea and carried out "no bottom line" hype. For the ancient tea trees in Yichashan, Yunnan Province, the highest reservation price for fresh leaves this year is more than 10,000 yuan per kilogram (RMB, the same below). A tea farmer said that it is difficult to buy Maocha in small ...

Source: Epochtimes