I don't know why people think China wants to be the top Wine making country. Sure we like Wine, I personally like it, but we also have our own alcohol, which I prefer for most times. We are not a wine drinking country if you were to compare our alcohol spending and wine relative to say Spain.
Besides, Wine is European, it has to come from Europe, you wouldn't drink Chinese tea grown in Czech would you.
As to Chinese unload their money, Chinese economy at this point is not proven. Give another 20-30 years of stability and growth, that won't happen anymore. Americans use to save money in England and Europe, does that mean America should suck today?
As you guys like to point out we are an authoritarian and you guys democracy. We can do things on the fly and without opposition, can you guys? Sure we would lose some, but we don't have to care about those guys. You think the French government can ignore French businessmen who give money for their campaigns as easily as we can.
You think French can change the rules as easily as we can?
As to close factories, if they close, they will lose ton of money and China can easily buy it back and immediately rehire these people. But even say we can't do that, you think French businessmen are so patriotic that they would lose millions to billions just to spite China?
And we have screwed with EU, many times, where have you been the past 10 years or so?
Lastly, it's hilarious you think the EU can defend their wine, if China wants to persecute them. We don't have to charge them, just stall them until they say uncle.