Who is behind the sky price rock tea in China?

Published 2021년 2월 22일

Tridge summary

Wuyi rock tea, known for its long production cycle and unique quality, has seen a significant increase in price, with some teas selling for over 100,000 yuan per catty. This trend, driven by high-end gift-giving and corruption, has led to concerns about market disorder and the decline of rock tea credibility. In response, the Wuyishan Tea Industry Association and local authorities have taken measures to rectify the situation by advocating against hype and investigating companies for price collusion and shoddy products. Additionally, there is a call for removing 'high-priced tea' from the list of gifts party members and cadres can receive, aiming to curb corruption and ensure the healthy development of the industry.

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

Original content

Wuyi rock tea with a thousand-year history is known for its complicated craftsmanship, long production cycle and unique quality. Its price has always been high. In recent years, the price of some rock tea has increased several times or even ten to twenty times, from several thousand yuan per catty to tens of thousands Yuan rose to hundreds of thousands or even hundreds of thousands. During the Spring Festival, a reporter from "Xinhua Viewpoint" found that "sky-priced rock tea" became more and more intense, and some were sold at "high-priced" under the name of "not for sale", and a few rock teas were fired. Making "service tea" and "gift tea" has become a popular high-end gift, and breeds recycling, consignment and other monetization businesses. Who is behind the "high-priced rock tea"? Rock tea with more than 100,000 yuan per catty floods the market. "Not for sale" sells at "high prices." The reporter recently visited the Fuzhou tea market and found that rock tea with luxurious ...

Source: Chinaeconomy