"The whole world will witness the power of Chinese consumption this Nov. 11."

China's wine industry has matured in recent years to become a player on the world's stage as its consumers widely purchase wine from overseas markets via physical means and the Internet. With overseas travel and smartphone sales on the rise, and Chinese business tycoons claiming stake to world-class vineyards, expect the Chinese wine revolution to continue into the future.

BEIJING -- Chinese companies, which have long been playing catch-up with their U.S. counterparts, are now leading the way. My time in the U.S. was like stepping backward in time.