Australia's Home-Lending Curbs Could Hit Wrong Target: NAB
Bloomberg, 11 April 2017
Australian regulators need to be careful tougher home-lending curbs don’t lock people who can afford to buy a house out of the property market, the chief executive officer of National Australia Bank Ltd. said.
ATO says number of landlords with five properties rising
The Australian, 13 April 2017
The number of Australians with at least five rental properties has surged more than 6 per cent amid an investment-led property boom that regulators are rushing to curtail, according to new Australian Tax Office figures.
Foreign investors fined $2.7m under new regime targeting property buyers
The Guardian, 9 April 2017
A new penalty regime targeting foreign investors has seen 500 overseas property buyers issued with penalty notices and told to pay the Australian Taxation Office $2.7m in fines.
Scott Morrison's speech shows no simple answer on housing
AFR, 10 April 2017
Political pressure is building on Scott Morrison to help first-home buyers to break into the overheated Sydney and Melbourne property markets. Yet he doesn't want to depress prices for an even bigger set of voters, owner-occupied and investment property owners.
Greenland to launch $1.6b Sydney Park City
SMH, 14 April 2017
The planned $1.6 billion mixed use development by Greenland and Gold Horse (GH Australia) is gaining momentum with the launch of the site that will deliver parklands for the Erskineville area.
The great divide: what will $1m buy you in Australia's property market?
The Guardian, 16 April 2017
With talk of the Sydney and Melbourne housing markets racing away from prices in other cities and regions, we decided to ask: what can you buy in Australia for a million dollars?
RBA Intensifies Alert on Aussie Household Debt, Property Market
Bloomberg, 13 April 2017
Australia’s central bank signaled deeper concern amid “heightened risks” from rising household debt and escalating property prices in Sydney and Melbourne.
Currency & Financial
Aussie Jumps On Jobs Data, China Yuan Trade
Investing.com, 13 April 2017
The Aussie jumped on a surge in new jobs as initial yuan-denominated trade data out of China was also a key driver of the currency as a top trading partner.
Agriculture & Food
Food fight: To beat China fakes, NZ and Australian produce firms raid tech larder
Reuters, 10 April 2017
[WELLINGTON] As China's middle class develops its taste for imported food and drink, fresh produce suppliers in New Zealand and Australia are topping up nature's bounty with anti-counterfeiting technology in a bid to protect their growing business from fakes.
Australia wants access to China for lupins and faba beans
The Weekly Times, 11 April 2017
THE Australian grains industry is pushing to gain access to China for two key pulses.
Foreign investment rules ‘hurt Australia’
The Australian, 12 April 2017
New tough rules for foreign investment in agribusiness are damaging Australia’s reputation for welcoming global businesses, according to the Business Council of Australia (BCA), which has called for them to be reversed.
Australia eyes huge potential in Chinese food, beverage market
ShanghaiDaily.com, 13 April 2017
FOR the first time, four big industrial bodies joined hands to jointly market Australian premium food and beverage at The Waterhouse Hotel during a food symposium titled “Taste Australia.”
Bellamy's Australia appoints John Ho to board, confirms Andrew Cohen as CEO
AFR, 13 April 2017
Infant formula distributor Bellamy's Australia has welcomed a representative from its new substantial shareholder, Hong Kong-based Janchor Partners, to the board, while also confirming acting chief executive Andrew Cohen will stay in the role permanently.
‘Wine City’ symbolises faltering hopes at China’s vineyards
Financial Times, 14 April 2017
China’s largest wine producer is preparing to open a Rmb6bn ($900m) “Wine City” in eastern China, an attraction complete with gothic-style châteaux it hopes will help it navigate the country’s growing but rapidly changing market for the tipple.
Iron Ore Slumps Into Bear Market as Barclays Sees Further Losses
Bloomberg, 10 April 2017
Iron ore’s descent into bear-market territory may herald further weakness, with Barclays Plc pinning the blame for the slide on lower steel demand in China driving a shift from mills toward lower-quality ore and raising the prospect of a drop into the $50s.
Australia’s mining industry addressing downsize in China steel production
Australian Mining, 10 April 2017
China’s move to reduce air pollution in large cities by limiting its need for iron ore and coal production over the next five years won’t slow Australia’s mining industry, a federal government report has claimed.
Why Australia is leading the way for solar energy
Article by Jessica Abelsohn，13 April 2017
In February, Australia launched the world’s first digital marketplace for solar energy, the Decentralised Energy Exchange (deX), which aims to change the way energy is produced and consumed. By supplementing large-scale power plants with a decentralized rooftop solar model, deX is aiming to create a virtual power station which enables homes and businesses producing excess energy to sell it off to others within the grid.
Australia approves Yancoal’s $2.45B buy of Rio Tinto’s coal unit
Kallanish Energy, 14 April 2017
Australia’s Foreign Investment Review Board (FIRB) has approved Chinese state-controlled Yancoal Australia to acquire Rio Tinto’s Coal & Allied Industries unit for $2.45 billion.
Retail & Tourism
Chinese crackdown turned the tables on Aquis casino
The Australian, 10 April 2017
Aquis has blamed the Asian gaming downturn and the fall in cashed-up Chinese gamblers visiting Australia as the result of stricter government conditions for its move to permanently shelve its multi-billion-dollar Queensland casino development.
China’s HNA Group goes on a global shopping spree
The Economist, 12 April 2017
NOW it is a conglomerate with more than $100bn-worth of assets around the world. But HNA Group started life as a small local airline. Chen Feng, the Chinese company’s founder, led a coalition including private investors and the government of Hainan, a southern province, to launch Hainan Airlines in 1993.
Calls rise to make Chinese firms' outbound investments rational
Xinhua, 10 April 2017
BEIJING－Chinese companies' outbound investments might have raised their global profile, but have yet to fully alleviate fears of a capital flight, experts said.
Interview: China's Belt and Road Initiative benefits Australia, makes world more prosperous, says former Australian ambassador
Xinhua, 14 April 2017
SYDNEY, April 14 (Xinhua) -- A former Australian ambassador to China believes that the Belt and Road Initiative will provide a definitive boost to not only the Australian economy, but also that of the world.
The richest Chinese fairy tale writer Zheng Yuanjie bought 10 properties in Beijing 30 years ago, only to store letters from his young readers. Now the price of his properties has increased from 1400 rmb per square meter to 66,000 rmb!