The Wild Wild East 15 August 2017


Wanda Hotel Development backflips on apartment project sales

The Australian, 10 Aug 2017

The Hong Kong-listed arm of Chinese developer Dalian Wanda has sold its stake in its two landmark apartment and hotel projects in Sydney and the Gold Coast as part of a major shake-up of its global property holdings.


Mirvac To Launch Australia’s First Build-To-Rent Development

The Urban Developer, 8 Aug 2017

Mirvac Group will soon be bringing Australia’s first major build-to-rent apartment development to market with the backing of major superannuation funds in an attempt to tackle housing affordability issues.


Easy money: Potts Point terrace investors makes 40pc profit in 18 months
AFR, 8 Aug 2017

Investors in four adjoining Potts Point heritage terraces have made a "spectacular" 40 per cent profit in less than 18 months after selling them to Sydney developer Greencliff for $18 million.


‘Australia still looks cheap to them’: China’s well-heeled cop extra stamp duty

Domain, 9 Aug 2017

The cost of buying property in Sydney has never been higher, but for foreign buyers the sums involved are even more exorbitant with a recently introduced extra 4 per cent stamp duty surcharge and additional land tax.


REA flags further housing market slowdown, 11 Aug 2017

Revenue in REA Group's Australian arm has soared despite a slowdown in the housing market but the online real-estate advertiser has warned it expects conditions to further decline in 2018.


Currency & Financial

Bankers to feel a chill as China extends capital crackdown
AFR, 8 Aug 2017

Australian bankers will have mixed feelings about the latest signs that some big, high-flying Chinese corporates could soon be seeking to offload some of their Australian assets.

Westpac’s $40m investment sends ZipMoney soaring

The Australian, 8 Aug 2017

Shares in start-up ZipMoney surged 19 per cent yesterday after the company secured a $40 million investment from Westpac, with CEO Larry Diamond describing it as a “coming of age” for fintech.


Australian companies expanding their wings offshore

AFR, 12 Aug 2017

The latest corporate reporting season shows the risks and rewards of owning companies with an expanding international footprint. For every Australian company that delivers rapid offshore growth, many landmines lurk.


Is property or shares a better investment?, 10 Aug 2017

IT’S the age-old query of anyone with capacity to invest. Which is the better investment — shares or property?



Australian wine exports: China now the biggest market

Weekly Times, 9 Aug 2017

GIVE the people what they want.


Bellamy's Australia says China lifts import licence suspension

Reuters, 9 Aug 2017

SYDNEY, Aug 9 (Reuters) - Infant formula maker Bellamy's Australia Ltd said on Wednesday that Chinese authorities had lifted the suspension of an import licence of one of the company's canneries in Australia.


Australia’s richest woman seeks to sate China’s hunger for meat

Financial Times, 8 Aug 2017

Gina Rinehart has faced down larger rivals, bureaucrats and even family to build Hancock Prospecting into a mining force. Now Australia’s richest woman is tackling a tiny foe that could derail a A$1bn plan to ship live cattle to China.


New hemp food regulations expected to generate wave of new investment in crop

ABC Rural, 11 Aug 2017

In 2007 Terry Memory and his wife Gemma Lynch-Memory walked through a paddock of hemp in Romania.



Mitsui to invest ‘aggressively’ in renewables, battery storage

The Australian, 9 Aug 2017

Japanese trading giant Mitsui, whose investment helped spur Australia’s iron ore, coal and LNG export industries, says renewables and battery storage are now its chief focus for growth investment in Australia.


BlackRock takes plunge into booming local solar market
AFR, 11 Aug 2017

BlackRock Real Assets has struck a deal for what is one of the country's biggest debt financings for a solar power venture, bringing the global investment manager into the booming local solar market for the first time.

Rush into renewables without a sensible plan is no way to operate

The Australian, 12 Aug 2017

South Australia is not the only energy-rich constituency that has deliberately harmed itself in an ideological push to lead the global charge on renewable energy. If its statewide blackouts and world’s most expensive electricity don’t do enough to wake up the rest of the nation then we should cast our eyes across the Pacific to Canada.


Retail & Tourism

Suning and Metcash Expand Cooperation to Bring Quality Australian Products to China

PRNewswire, 8 Aug 2017

SYDNEY, Aug. 8, 2017 /PRNewswire/ -- China's retail giant Suning Holdings Group ("Suning" or "the Group") has signed a cooperation agreement with Metcash, the leading wholesale distribution and marketing company in Australia, to bring more quality Australian and New Zealand products to Chinese consumers.


Virgin Australia records $185 million loss but stops burning through cash

SMH, 10 Aug 2017

Virgin Australia's chief executive John Borghetti says an enduring capacity ceasefire with Qantas has set it up make the most of improving demand from business travellers and help it shift course towards profitability.


MP scoffs at northern tourism plan

The West Australian, 10 Aug 2017

A plan to boost funding for tourism infrastructure in Northern Australia has been dismissed as “ridiculous” by Durack MHR Melissa Price.


Qantas widens its China exposure

The Australian, 11 Aug 2017

Qantas has signed a new deal with the online travel booking arm of Chinese e-commerce juggernaut Alibaba as it looks to increasingly tap the potential of Australia’s biggest two-way trade partner.


China frees top Australian Crown casino executive from jail

SeattleTimes, 10 Aug 2017

BEIJING (AP) — Chinese authorities on Saturday released from jail a top Australian executive at a casino company following the completion of his sentence on gambling-related offenses.



New Kids On The Blockchain

ETHNEWS, 12 Aug 2017

In Melbourne, Australia, local reports have recently focused attention on Wooranna Park Primary School, a small public institution which sits in one of country’s “most disadvantaged urban areas.” But, don’t be misled by Wooranna Park’s humble profile. The primary school is giving students a digital leg up through its pioneering education.


Schools getting kids language-ready as China beckons

The Australian, 12 Aug 2017

At an age when most children are tackling the basics of English, Adelaid­e students Americo Beecken and Meu Li Panteladis are also immersed in wrapping their minds around Mandarin.


China Domestic

Heat Wave: China Daily Reports Temperature So High, An African Man Got a Tan

The Beijinger, 13 July 2017

Compared to everything else in the news, the weather is always more difficult to report because numbers and statistics never convey the human experience of it. And with a heat wave currently attacking the country, Chinese news organizations are finding the best way to describe the unbearable heat to their readers is to report local weather conditions are responsible for giving an African man a tan.


Cartoon Stereotypes of "Fat, Promiscuous" Americans Used to Promote Video Game

The Beijinger, 13 Aug 2017

A well-received online marketing campaign that incorporates race-baiting and cultural stereotypes has attracted a lot of online attention by asking: "Do you know how 'evil' laowai think Chinese are?"