That's equivalent to 100 btls per person in Australia. Jeez!
The problem here is the knock on effect on the growers with prices for grapes dropping rapidly.
And the figures are SCARY - you can read more at The Guardian but for starters ...
At its peak in 2020, export of Australian wine to China was valued at $1.2bn and made up 18% of export volume and 40% of value. Now annual exports are worth just $8.1m, contributing to a plummeting price for red varieties of grapes and a decline in domestic red wine prices.