The Wild, Wild East 17 April 2017

Property

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.

https://www.bloomberg.com/news/articles/2017-04-11/home-lending-curbs-could-hit-wrong-target-nab-s-thorburn-says

 

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.

http://www.theaustralian.com.au/business/property/ato-says-number-of-landlords-with-five-properties-rising/news-story/daa2eb6512f82d3f5547c768ccf1e689&memtype=anonymous

 

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.

https://www.theguardian.com/australia-news/2017/apr/09/foreign-investors-fined-27m-under-new-regime-targeting-property-buyers

 

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.

http://www.afr.com/opinion/editorials/scott-morrisons-speech-shows-no-simple-answer-on-housing-20170410-gvhhoe

 

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.

http://www.smh.com.au/business/property/greenland-to-launch-16b-sydney-park-city-20170413-gvkfr3.html

 

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?

https://www.theguardian.com/australia-news/2017/apr/16/the-great-divide-what-will-1m-buy-you-in-australias-property-market

 

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.

https://www.bloomberg.com/news/articles/2017-04-13/rba-intensifies-alert-on-aussie-household-debt-property-market

 

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.

https://seekingalpha.com/article/4062171-aussie-jumps-jobs-data-china-yuan-trade

 

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.

http://www.reuters.com/article/us-newzealand-australia-china-counterfei-idUSKBN17B10F

 

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.

http://www.weeklytimesnow.com.au/agribusiness/cropping/australia-wants-access-to-china-for-lupins-and-faba-beans/news-story/86345825b7b9b9bb6ffa5f12cc9bb201

 

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.

http://www.theaustralian.com.au/national-affairs/foreign-affairs/foreign-investment-rules-hurt-australia/news-story/f77d8cc4d13a3dff447e51872fe56f80

 

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.”

http://www.shanghaidaily.com/feature/ideal/Australia-eyes-huge-potential-in-Chinese-food-beverage-market/shdaily.shtml

 

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.

http://www.afr.com/business/retail/fmcg/bellamys-australia-appoints-john-ho-to-board-confirms-andrew-cohen-as-ceo-20170413-gvk5x4

 

‘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.

https://www.ft.com/content/21edec34-20df-11e7-b7d3-163f5a7f229c

 

Resources

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.

https://www.bloomberg.com/news/articles/2017-04-10/iron-ore-slumps-into-bear-market-as-barclays-sees-further-losses

 

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.

https://www.australianmining.com.au/news/australias-mining-industry-addressing-downsize-china-steel-production/

 

Why Australia is leading the way for solar energy

Article by Jessica Abelsohn13 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.

http://www.jllrealviews.com/trends/why-australia-is-leading-the-way-for-solar-energy/

 

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.

http://www.kallanishenergy.com/2017/04/14/australia-approves-yancoals-2-45b-buy-of-rio-tintos-coal-unit/

 

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.

http://www.theaustralian.com.au/business/companies/chinese-crackdown-turned-the-tables-on-aquis-casino/news-story/4a7c304bbd18b2fcfaaa35c2b2970a97

 

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.

http://www.economist.com/news/business/21720674-its-investments-range-hilton-worldwide-deutsche-bank-chinas-hna-group-goes-global

 

China Domestic

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.

http://www.chinadaily.com.cn/business/2017-04/10/content_28853903.htm

 

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.

http://news.xinhuanet.com/english/2017-04/14/c_136208563.htm

 

郑渊洁买十套房 房子用来存信网友惊呆了

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!

每日经济新闻公众号,2017415

核心提示:郑渊洁买十套房,房子用来存信网友惊呆了。4月15日报道 童话大王郑渊洁在作家榜里持续上榜而且名列前茅,让很多人误以为这仅仅是一种“情怀”。作家榜品牌创始人吴怀尧表示,郑渊洁能够在过去的30年里受到众多读者的喜爱,不仅在于作品中天马行空的想象,更在于他对读者的真诚。

http://business.sohu.com/20170415/n488593128.shtml