Australian real estate will remain one of the main recipients of Chinese capital in 2017 despite the expectation that Chinese investors will pull back from buying property globally, Chinese property industry reports have said.
Real estate agents record first fall in five years
AFR, 5 July 2017
The residential real estate sector recorded its first revenue fall in five years this past financial year as estate agents battled low listing volumes, the end of the housing boom and competition from low-cost operators.
SMH, 7 July 2017
Soaring home prices in Australia's biggest cities are driven by strong demand and a lack of supply, rather than indicating a "bubble," according to one of the nation's top economists.
Westpac rejigs property loans to attract cashed-up buyers
AFR, 4 July 2017
Westpac has launched an aggressive push into the residential investment property market with a fixed rate offer below 4 per cent as other lenders pull-back by raising rates by up to 40 basis points.
The Australian, 5 July 2017
Chinese developers have been active in the Sydney property market with ASX-listed group Boyuan Holdings buying a pub in Penrith and Maville Group selling in Waterloo.
Currency & Financial
SMH, 5 July 2017
No country can be indifferent to China's economy, especially not Australia. We're more exposed to what goes on in it than just about any other nation. China has long been the biggest market for our commodities, such as iron ore, coal and wool. And now it is the largest foreign buyer of our services, especially education and tourism. The upshot? Many thousands of Australian jobs depend on the health of the Chinese economy.
ABC News, 5 July 2017
The Australian dollar dropped sharply on the back of the Reserve Bank governor's statement, despite the RBA holding interest rates steady for the eleventh straight month.
The Australian, 3 July 2017
After years of being afraid to cut interest rates too much for fear of inflating the east coast housing bubble, the Reserve Bank might be heading into a spot of the reverse.
Agriculture & Food
SMH, 3 July 2017
Australia's $126 billion food and grocery sector, under pressure from rising energy costs and keen to reduce its reliance on supermarket giants Woolworths and Coles, is exporting more to the US and China.
The Adviser, 3 July 2017
TARGETING inbound international wine tourists and the key export market of China are likely to be key planks in the new $50 million export and regional wine support package, according to Australian Grape and Wine Authority chairman Brian Walsh.
The Australian, 8 July 2017
The speed with which China has become Australia’s largest wine market (by value) is extraordinary.
Weekly Times, 7 July 2017
CHINESE wine consumers are now younger, and drinking for pleasure, rather than status or health.
Forbes, 27 June 2017
In 2008 six Chinese babies died and 300,000 fell ill or were hospitalized following a milk scandal involving 22 Chinese infant formula producers. The producers added the chemical melamine to their products to give the impression of higher protein content. Although consumer trends evolve faster in China than in any other market, the incident still looms large over Chinese consumers almost a decade later.
ABC News, 5 July 2017
South Australian steelmaking business Arrium is to be sold to a British company and not the Korean consortium identified as the preferred bidder, the state's Premier Jay Weatherill has confirmed.
Renew Economy, 10 July 2017
Australia has recorded a significant “bounce-back” in renewable energy investment in the second quarter of 2017, with $1.5 billion poured into big solar and wind projects from April to June, a 77 per cent year-on-year increase.
The Australian, 10 July 2017
Federal, state and territory energy ministers meet this week in Brisbane under the auspices of the Council of Australian Governments’ Energy Council.
Reuters, 10 July 2017
There is a lot more riding on Tesla Inc's deal to install the world's largest grid-scale electric battery in Australia than whether Elon Musk can meet his bold commitment to finish within the 100-day deadline.
Retail & Tourism
The Guardian, 6 July 2017
With more than two million small and medium businesses in Australia, employing around seven million workers, we’re already a nation of entrepreneurs. But fast broadband, combined with new technologies and business models are bringing about an even more dramatic entrepreneurial shift.
CNBC, 5 July 2017
Your Invest Property, 5 July 2017
More than half of Airbnb’s bookings in Australia are for stays in country towns or coast resorts, according to a global survey it released on Tuesday.
Hotel News Resource, 4 July 2017
Hotel investors remain focused on gateway cities such as Hong Kong, Singapore, Sydney and Melbourne, as they offer positive tourism and trading fundamentals while the long-term demand and supply is in balance. Investors also continue to seek opportunistic investments in key emerging tourism markets such as Vietnam.
The Moodie Davitt Report, 2 July 2017
CHINA/FRANCE. Mobile payments will soon overtake cash and credit cards as the preferred payment choice for Chinese travellers shopping abroad, according to a new survey.
Man, China really loves the Despicable Me movies
A.V. Club, 11 July 2017
Something about the Despicable Me movies just clicks with the people of China, who gave Despicable Me 3 the biggest-ever opening for an animated film in that country over the weekend with $20.1 million.
Mud splashing event held in Eastern China
Xinhua, 9 July 2017
Pariticipants play in a muddy puddle during an event of mud splashing in Jingdezhen, east China's Jiangxi Province, July 8, 2017
Beijing police investigate Baidu self-driving car video
China Daily, 6 July 2017
At a meeting Wednesday, Li Yanhong, Baidu's CEO, live streamed while riding in a Baidu self-driving car on Beijing's fifth ring road.