The 2007 green tea spring harvest is in the town – and a Chinese man pays US $14,000 for just 200 grams of tea leaves during an auction in the International Tea Expo Exhibition held in West Lake, or Xi Hu, in Zhejiang Province, China.
According to the Chinese state news agency Xinhua, a Chinese man recently paid US $14,000 for just 200 grams of West Lake Dragonwell Tea, also known as Long Jing Tea.
Traditionally, Spring is the time of the year when the highest grade green tea is harvested and sold, and the Dragonwell tea produced in West Lake is the most esteemed of all Chinese green tea.
According to a local expert, one kilogram of Dragonwell tea costs 5 Yuans in the 70s. Now, one kilogram of high grade Dragonwell tea costs 6,000 Yuans or 800 US dollars, which doesn’t come cheap.
Green tea is good for health, but is the Dragonwell Tea a little on the expensive side?
