The Wild, Wild East 29 May 2017

Property

'Limited English, unlimited bank accounts': Chinese investors are snapping up 25% of all new properties on the market - and 20% are left EMPTY

Daily Mail, 22 May 2017

Chinese investors are snapping up a quarter of new properties on the market as younger, cashed-up buyers arrive.
http://www.dailymail.co.uk/news/article-4529174/Rich-Chinese-investors-buying-25-cent-new-homes.html

 

Bank levy could trigger housing market downturn

AFR, 22 May 2017

A slowdown in Australia's highly-indebted housing market could come in the second half of the year if banks raise their rates to pass the cost of the $6 billion banking levy to consumers.
http://www.afr.com/real-estate/bank-levy-could-trigger-housing-market-downturn-20170519-gw91xq

 

 

The great housing affordability crisis? It’s ‘horse s—‘, says property analyst

Domain, 24 May 2017

Australia’s great housing affordability crisis is nothing but “horseshit”, according to a property analyst.

https://www.domain.com.au/news/the-great-housing-affordability-crisis-its-horseshit-says-property-analyst-20170524-gwc8l6/

 

Chinese credit controls put clamp on property

The Australian, 25 May 2017

The efforts by Chinese authorities to control credit growth have contributed to a 60 per cent fall in foreign investment in Australian real estate, Treasury believes.

http://www.theaustralian.com.au/business/markets/chinese-credit-controls-put-clamp-on-property/news-story/9d40204d395a41759e6d29a5262cafce

 

Is Australia’s property market overheating?

The Economist, 25 May 2017

A “BUBBLE” is how the secretaries to the Treasury and the Australian Securities and Investments Commission have described it. A former head of the Liberal party thinks it a “crisis”. Even the Reserve Bank of Australia admits that there has been a “build-up of risks associated with the housing market”.

http://www.economist.com/blogs/economist-explains/2017/05/economist-explains-22

 

 

Currency & Financial

Belt and Road firms need to get engaged, says Aussie expert

The Australian, 22 May 2017

Australian businesses are “a bit arrogant and domestically focused” and “need to get more proactive and engaged” to climb on board China’s Belt and Road Initiative, one of Australia’s leading experts on BRI said in Beijing yesterday.

http://www.theaustralian.com.au/business/belt-and-road-firms-need-to-get-engaged-says-aussie-expert/news-story/07ee5f61e3fd441b931cd596624e9d21

 

China credit rating downgraded by Moody's, Australian dollar falls

ABC News, 24 May 2017

China's credit rating has been cut one notch by Moody's due to the rising debt needed to keep the economy growing.

http://www.abc.net.au/news/2017-05-24/china-credit-rating-downgraded-by-moody27s-aud-falls/8555162

 

A reality check for China

The Australian, 25 May 2017

As the Chinese government was still basking in the glorious launch of President Xi Jinping’s Belt and Road Initiative, a torpedo was stealthily and inexorably locked on to its image of economic unsinkability.

http://www.theaustralian.com.au/business/opinion/rowan-callick/a-reality-check-for-china/news-story/648f73eae7a0c8b1cb06dd437adb083e

 

AMP bucks the trend with China pension push

AFR, 25 May 2017

AMP chief executive Craig Meller let the two executives running his China joint ventures make the opening presentations at the company's strategy day on Thursday. 
http://www.afr.com/brand/chanticleer/amp-bucks-the-trend-with-china-pension-push-20170525-gwcocb

 

 

Agriculture & Food

Ag start-ups crying out for investment boost

By Neil Lyon, 22 May 2017

There is an urgent need to build capacity and ‘deal flow’ if innovative start-up businesses in the Australian agricultural sector are to have any chance of becoming successful companies, according to SproutX and Agri Innovation general manager at Findex, Sam Trethewey.

https://www.beefcentral.com/news/ag-start-ups-crying-out-for-investment-boost/

 

Chinese, woolgrowers ditch auction to trial long-term deal

The Australian, 27 May 2017

China’s most powerful wool companies are starting a trial to buy wool directly from some of Victoria’s biggest woolgrowers under long-term fixed-price contracts.

http://www.theaustralian.com.au/business/chinese-woolgrowers-ditch-auction-to-trial-longterm-deal/news-story/fbce57ef465b3d327e0d7512f64b432c

 

Chinese entrepreneur goes whole hog on Aussie wine, ambassador and all
AFR, 26 May 2017

Former ambassador to China, Geoff Raby, served plenty of high quality wine to guests at the Australian embassy in Beijing but nothing quite like the wine that sold like hot cakes in China last year.
http://www.afr.com/business/chinese-entrepreneur-goes-whole-hog-on-aussie-wine-ambassador-and-all-20170525-gwdihk

 

Australian olive oil producers use QR codes to reassure Chinese of authenticity

ABC News, 15 May 2017

Chinese consumers of specially marked Australian Olive Oil will soon be able to scan a label on the bottle to confirm its authenticity and meet the producer via a personalised video.

http://www.abc.net.au/news/rural/2017-05-15/authentic-australian-olive-oil-uses-qr-codes-as-proof/8525382

Resources

China coal imports from Russia, Australia rise in April after ban on N.Korea cargoes

Reuters, 23 May 2017

BEIJING (Reuters) - China's coal imports from Australia jumped 44.6 percent in April from a year earlier to 8.3 million tonnes, the highest since August 2016, data from the General Administration of Customs showed.

https://www.reuters.com/article/china-economy-coal-north-korea-idUSL4N1IP2PN

 

CBA says demand for Australian iron ore and coking coal will continue to increase

Business Insider Australia, 22 May 2017

Global steel production hit the highest levels on record in March, led by growth in China and India, according to data released by the World Steel Association.

http://www.businessinsider.com/cba-says-demand-for-australian-iron-ore-and-coking-coal-will-continue-to-increase-2017-5

 

Australia invests $20 million in solar PV research and development

Climate Action, 23 May 2017

The Australian Renewable Energy Agency (ARENA) will commit AUS$20 million towards the research and development of solar photovoltaic (PV), in a bid to make solar more affordable, efficient, and competitive.

http://www.climateactionprogramme.org/news/australia-invests-20-million-in-solar-pv-research-and-development

 

Retail & Tourism

Evolution Health probiotic sales soar in China

The Australian, 22 May 2017

Sales of probiotics in China have soared for family-owned Australian company Evolution Health after climbing 350 per cent in the past financial year, with overall income reaching $35.5 million.

http://www.theaustralian.com.au/business/evolution-health-probiotic-sales-soar-in-china/news-story/37ea8b0cb4227eff41f8524083333ebb

 

Chinese developers snap up storied Double Bay hotel

The Australian, 26 May 2017

The luxury InterContinental Hotel in Sydney’s glitzy Double Bay, a property best known for its association with the late INXS rocker Michael Hutchence, has been sold by its Singaporean owners to a pair of Chinese multinationals for about $140 million.

http://www.theaustralian.com.au/business/property/chinese-developers-snap-up-storied-double-bay-hotel/news-story/07d40beb7319e9d9109126e01766135e

 

Northern Territory continues to wait for direct flights to China

The Daily Telegraph, 27 May 2017

A HUGE boost in Chinese travellers to Australia has strengthened the case for direct flights from the Territory.

http://www.dailytelegraph.com.au/news/northern-territory-continues-to-wait-for-direct-flights-to-china/news-story/fe6bd5855428ab6f283ff6989117337e

 

Forget the food and scenery, Chinese turn to Tasmania for romance
AFR, 26 May 2017

"The whole island resembles the shape of a heart," says Beijing-based Chinese investor William Wei who has acquired three luxury bed and breakfasts in Tasmania for $20 million, with plans to turn them into wedding retreats.

http://www.afr.com/real-estate/forget-the-food-and-scenery-chinese-turn-to-tasmania-for-romance-20170523-gwbkd4

 

 

China Domestic

Dragon Boat Festival: traditions, delicacies and photos

China Daily, 28 May 2017

http://www.chinadaily.com.cn/culture/2017dragonboatfestival.html

 

Shanghai dragon boat races draw crowds

China Daily, 28 May 2017

The two-day Phicomm Cup China Dragon Boat Open 2017 started in Shanghai on Saturday with competitors from home and abroad and hundreds of spectators. It's being held during the same time as the 14th Shanghai International Suzhou Creek Dragon Boat Invitation Tournament.

http://www.chinadaily.com.cn/china/2017-05/28/content_29537623.htm

 

程序员掉入传销组织用“代码”求救 同事秒懂

网易新闻,2017525

Mr. Zhang, a software engineer sent SOS in a coding program to his colleagues in Nanjing for help after being caught by an illegal pyramid selling organization in Tianjin. Fortunately his colleagues got his signals at once and managed to save him.

南京日报消息,南京一家大型软件企业的年轻程序员小张(化名)万万没有想到,当他被传销组织控制、几近绝望之时,自己尝试利用计算机“代码”向同事传递求救信息,他的程序员同事们竟然“秒懂”,并赴天津协助警方,将他成功解救出来。

http://news.163.com/17/0525/07/CL90A9DR00018AOR.html