The Wild, Wild East 2 May 2017


Australia's property boom has already peaked, said UBS

SMH, 24 April 2017

Australian house prices and construction activity may have hit a peak, with investment bank UBS "calling the top" of the runaway market.


Australia’s Largest Healthcare Fund Re-Opens For Development Pipeline

The Urban Developer, 27 April 2017

Australian Unity’s $1.2 billion healthcare property trust (HPT), the largest healthcare real estate investment trust (REIT) in the country, will re-open this May to help raise funds for its $500 million development pipeline.


Bank giants' new clampdown on property rates

AFR, 26 April 2017

Major subsidiaries of Commonwealth Bank of Australia and National Australia Bank are clamping down on property investors by raising rates or toughening borrowing conditions.


Mainland Chinese favor properties in Australia, US and Canada

Asia Times, 25 April 2017

Mainland Chinese would most prefer to buy properties in Australia, the United States and Canada, showing a different consumption pattern to Hong Kong people, according to the property investment firm IP Global.


Property boom over but bust unlikely, says leading bank

The New Daily, 24 April 2017

The Australian housing market has peaked in the opinion of economists from global investment banking giant UBS.


‘Migrant millionaires’ fuel property boom

The Australian, 26 April 2017

More than 11,000 “migrant millionaires” helped fuel the Sydney and Melbourne property markets last year, with the real estate sector saying cashed-up Chinese are now commuting in and out of the country to enjoy the Australian lifestyle.


Property crash prophets a case of crying wolf

The Australian, 26 April 2017

Stephen Halmarick says the risks of a residential property crash are being exaggerated.


Commercial property sentiment soars: NAB survey

The Australian, 26 April 2017

Sentiment towards the office market is soaring, with property industry participants expecting office property to continue to provide the best income returns over the next one to two years, according to the NAB Commercial Property Survey for the first quarter.



Chinese group Changfa Investments debuts in Australia with Leichhardt purchase

AFR, 26 April 2017

Chinese group Changfa Investments has made its debut in the Australian residential property market, snapping up the rare Leichhardt development site at 141 Allen Street in inner west Sydney.



Currency & Financial

China needs to balance capital control risks- Australia cbank gov

Reuters, 27 April 2017

Reserve Bank of Australia Governor Philip Lowe said on Thursday that China needs to strike a balance while tightening capital outflows as it runs counter to its longer-run goal of liberalisation.


Australia to pursue FTA with China's Hong Kong: trade minister

Xinhua, 24 April 2017

CANBERRA, April 24 (Xinhua) -- The Australian government has announced it will pursue a free trade agreement (FTA) with China's Hong Kong Special Administrative Region in an attempt to secure further service export opportunities for Australian businesses.


Australia Q1 CPI

Market Pulse, 25 April 2017

*(AU) AUSTRALIA Q1 CONSUMER PRICES (CPI) Q/Q: 0.5% V 0.6%E; Y/Y: 2.1% (highest since Q2 of 2014) V 2.2%E; TRIMMED MEAN Q/Q: 0.5% V 0.5%E ; Y/Y: 1.9% (5-quarter high) V 1.8%E- Prior Trimmed Mean q/q revised higher to 0.5% from 0.4% – Source


BMY Group hit by China investment crackdown

AFR, 23 April 2017

Melbourne-based corporate advisory and wealth management firm BMY Group, which targets Asian investors and companies, has backtracked on plans entice Asian investment in its Australian start-up venture capital fund due to China's crackdown.


Chinese investment in Australia at highest point since GFC

AFR, 1 May 2017

Chinese investment in Australia is at its highest point since the 2008 global financial crisis, according to a new report which shows deals in the energy sector topped those in mining for the first time last year.



Agriculture & Food

Australia's a2 Milk upgrades revenue forecast after strong sales in China

Xinhua, 27 April 2017

CANBERRA — Australian dairy giant a2 Milk has upgraded its yearly revenue forecast on the back of strong sales in China.


Australia encouraged to focus on trade with China, India: report

ABC News, 27 April 2017

Australia needs to focus on trade opportunities with China and India rather than being derailed by nerves about the rise of protectionism in the United States and Britain, according to a report released today.


Bright Food Aussie gourmet brands shine in China

AFR, 25 April 2017

The Australian food businesses owned by China's state-backed Bright Food Group produced revenue growth of 13 per cent to almost $700 million in calendar 2016 as demand for "clean and green" food brands in China rises.


Australian wine turns focus to China

Drinks International, 24 April 2017

The Australian wine industry wants to exploit the Chinese market after its imports to the US were valued less than that of New Zealand.


Jobs for South East: Sundrop Farms plans to open 30ha strawberry farm near Millicent at site of former Tantanoola pulp mill

The Advertiser, 26 April 2017

THE South East will benefit from hundreds of jobs under a plan by horticultural company, Sundrop Farms, to open a 30ha strawberry farm, near Millicent.




Australian & Chinese Universities Collaborate on Fusion Energy Research

Asian Scientist Newsroom, 24 April 2017

Australian and Chinese researchers will embark on a joint research on the Holy Grail of energy research—nuclear fusion.


Investment bankers line up for Loy Yang B bids

The Australian, 24 April 2017

The Australian energy crisis could be the gift that keeps on giving for investment bankers as they line up to advise the list of parties now eager to buy Loy Yang B.


IFM fund boss Garry Weaven pleads for energy policy stability

The Australian, 25 April 2017

The chairman of the $80 billion IFM Investors fund, Garry Weaven, has called on the federal government to come up with a long-term energy policy to provide more confidence for big investors.





Retail & Tourism

Chinese 'pandavans' on round trip of Australia

Yahoo News, 27 April 2017

It's not every day you see 10 giant pandas in the outback.


Amazon to affect shopping centres

SMH, 24 April 2017

Retail landlords will be focused on the arrival of internet giant Amazon to Australia, which property observers say will impact on under-performing malls.


Qantas enhances services for Chinese travelers

FTN News, 28 April 2017

Qantas Airways continues to enhance its services for Chinese travelers. “China is critical to our strategy in Asia. Together with our new direct Sydney – Beijing service, the deepening of this partnership reflects our commitment to the region, enabling our Asian customers to travel to and within Australia seamlessly,” said Qantas CEO Gareth Evans.



China Domestic

Chinese Offer to Eat Denmark’s Oyster Problem to Extinction

New York Times, 28 April 2017

BEIJING — Is an alien mollusk species choking your shoreline? Don’t despair. China’s ravenous, inventive internet users have an answer to unwelcome shellfish.


Tea sister Zhang Zetian private dinner invited half a fashion circle

Best China News, 27 April 2017

Tea sister Zhang Zetian today on micro-blog hot search, she is said to be at a private dinner party yesterday, the international big executives gathered in a collective photo at a glance feeling the half fashion circles are invited!



Jack Ma was about to shake hands with a man at an event last week but was unexpectedly ignored.  All your family members will be blocked by Taobao from now on—warned by Chinese netizens.




Three Keys to Drafting a China Contract that Works

China Law Blog, 29 April 2017

In deleting emails I came across this one from one of our China lawyers to a Latin American client for whom we very successfully drafted a China licensing agreement. I love the email because it so nicely encapsulates exactly what we try to do with pretty much every China contract we draft: balance out everything and give our clients a contract that will both protect them and get the deal done.