The Wild Wild East 22 August 2017

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Property

Chinese retreat from Australian property market

AFR, 13 Aug 2017

Chinese property buyers are turning away from Australian housing as efforts by regulators in both countries to slow investment begin to bite.
http://www.afr.com/real-estate/residential/chinese-retreat-from-australian-property-market-20170813-gxv6t3

 

Private offshore buyers from Asia snapping up office blocks

The Australian, 14 Aug 2017

Offshore private investors have been snapping up Australian office assets at a faster pace over the past year, looking for yield in a nation seen as a relative safe haven.

http://www.theaustralian.com.au/business/property/private-offshore-buyers-from-asia-snapping-up-office-blocks/news-story/dd5d1e48ad8212e8486c111a39d9dd7a

 

Affordable Housing Development In Sydney’s Macquarie Park Gets Government Approval

The Urban Developer, 15 Aug 2017

The NSW Government has confirmed Frasers Property Australia and Citta Property Group as the winning tenderers for a $2.2 billion development in Sydney’s Macquarie Park. The developers will work with Mission Australia Housing to redevelop and transform the 8.2 hectare Ivanhoe estate in Macquarie Park.

https://www.theurbandeveloper.com/ivanhoe-estate-macquarie-park-mission-australia/

 

Negative gearing, more supply and foreign tax lead affordability solution
AFR, 15 Aug 2017

Limiting negative gearing to investment in new housing, increasing land supply and taxing overseas buyers are the top three priorities for fixing Australia's affordability crisis according to a poll of 13,000 people.
http://www.afr.com/real-estate/negative-gearing-more-supply-and-foreign-tax-lead-affordability-solution-20170814-gxw8d9

 

China heavyweights buy Sydney site for $70m

The Australian, 17 Aug 2017

A heavyweight Chinese-backed group, advised by Sydney-based developer Rudder Group, has bought a development site at the southern end of Sydney’s Hyde Park for $70.5 million as it makes a low-key entry into the Australian market.

http://www.theaustralian.com.au/business/property/china-heavyweights-buy-sydney-site-for-70m/news-story/ff2025c75a2dee0688a53078f10cff67

 

Currency & Financial

Our economic destiny is China, not America

AFR, 16 Aug 2017

Ask the average Australian whether China or the US is the country's most important economic partner and you'll likely get a bewildered look – it's China, of course. The Lowy Poll shows that by 2013, 76 per cent of Australians were already convinced that China was No.1, compared with just 16 per cent choosing the US.
http://www.afr.com/opinion/columnists/our-economic-destiny-is-china-not-america-20170816-gxxc6e

 

Wanda a clear case of transparency in both China and Australia
AFR, 16 Aug 2017

The partial sale last week of two significant Australian real estate investments by China's Wanda Group raises big questions about the transparency of Chinese investment.
http://www.afr.com/real-estate/wanda-a-clear-case-of-transparency-in-both-china-and-australia-20170814-gxwa24

 

Australia proposes stronger money laundering rules, includes bitcoin

Reuters, 17 Aug 2017

SYDNEY (Reuters) - Australia said on Thursday it would strengthen its money laundering laws, including bringing bitcoin providers under the government's financial intelligence unit, days after a fresh scandal at one of the country's biggest banks. 

https://www.reuters.com/article/us-australia-moneylaundering-idUSKCN1AX06N?il=0

 

Reserve Bank of Australia continues warnings over dollar’s strength

The Australian, 15 Aug 2017

The Reserve Bank of Australia continues to warn that a rising Australian dollar would curtail hopes for stronger economic growth and higher inflation over time.

http://www.theaustralian.com.au/business/economics/reserve-bank-of-australia-continues-warnings-over-dollars-strength/news-story/01591db6084f59660131eecee7f8d3f4

 

New investment rules to curb China's foreign acquisition binge

SMH, 21 Aug 2017

Beijing: The Chinese government has officially put the brakes on Chinese companies pouring big money into overseas property development, issuing rules likely to have a significant impact in Australia.

http://www.smh.com.au/business/new-investment-rules-to-curb-chinas-foreign-acquisition-binge-20170820-gy033p.html

 

Agriculture

China deadline for dairy exporters of infant formula

The Australian, 14 Aug 2017

The clock is ticking for Australian infant formula producers to complete a suite of new regulatory hurdles, in order to be able to keep selling their powder in China after January 1.

http://www.theaustralian.com.au/business/china-deadline-for-dairy-exporters-of-infant-formula/news-story/d8b45de3ccb240f0f6bd547775e7402b

 

Nothing behind Labor’s claims of beef access blockages in China, AMIC says

By Jon Condon, 15 August 2017

Claims made in Federal Parliament yesterday that containers of Australian beef are about to be stranded on Chinese wharves, following last month’s suspension of Australian meat processing plants are incorrect, Beef Central has been told.

https://www.beefcentral.com/trade/nothing-behind-labors-claims-of-beef-access-blockages-in-china-amic-says/

 

Fonterra eyes Chinese consumers with Australian cheese plant

NIKKEI Asian Review, 19 Aug 2017

MELBOURNE -- Fonterra Co-operative Group, New Zealand's largest dairy company, on Friday opened a new plant in southeastern Australia to make cheeses for China, Japan and other markets.

https://asia.nikkei.com/Business/Companies/Fonterra-eyes-Chinese-consumers-with-Australian-cheese-plant

 

Duxton, Eastern Australia Agriculture enjoy good start to water year
AFR, 20 Aug 2017

The recently listed Duxton Water fund is one of the major winners from newly reset water allocations gaining a larger supply of water to lease out to farmers. 
http://www.afr.com/real-estate/duxton-eastern-australia-agriculture-enjoy-good-start-to-water-year-20170818-gxzlr2

 

Resources

Australia's biggest wind farm coming to Darling Downs

The Chronicle, 17 Aug 2017

AUSTRALIA'S largest wind turbine farm is coming to the Darling Downs, creating more than 200 jobs in the process.

https://www.thechronicle.com.au/news/australias-biggest-wind-farm-coming-darling-downs/3213565/

 

BlackRock enters Australian renewable energy sector

Real Estate Investment Times, 16 Aug 2017

BlackRock has entered the Australian renewable energy sector for the first time, after securing the financing for two solar projects in North Queensland on behalf of Edify Energy.

http://www.realestateinvestmenttimes.com/realestateinvestmentnews/asianewsarticle.php?article_id=2201

 

Booming thermal coal price on China demand cheers miners

Reuters, 17 Aug 2017

SINGAPORE/SYDNEY (Reuters) - Australian thermal coal prices for spot cargoes above $100 a tonne, lifted by reports of strikes and strong Chinese demand, are providing a boost in earnings and share prices for miners like Glencore and Whitehaven Coal.

https://www.reuters.com/article/us-thermal-coal-prices-idUSKCN1AX0I9

 

Retail & Tourism

South Australia’s tourism industry is enjoying high times — but is it enough?

The Adviser, 20 Aug 2017

HONG KONG couple Teddy Law and Joyce Cheng are walking through one of Australia’s most important wine collections — an unbroken lineage of tawny port of every vintage from 1878.

http://www.adelaidenow.com.au/news/south-australia/south-australias-tourism-industry-is-enjoying-high-times-but-is-it-enough/news-story/05d342f38132de4bbc9f94e6a4d2e08f

 

Alibaba, Marriott ink JV in Major Play for China Travel Market

China Skinny, 15 Aug 2017

Chinaskinny was in attendance as e-commerce giant and world’s largest hotelier announce strategic partnership to tap into the growing number of Chinese citizens travelling both abroad and domestically every year.

https://www.chinaskinny.com/blog/alibaba-marriott-jv-china/

 

China remains the greatest opportunity

The Australian, 21 Aug 2017

Every nation tells itself stories about the world and how it works. Sometimes these stories are helpful, but sometimes they can blind us to the new opportunities generated by change. 

http://www.theaustralian.com.au/business/opinion/china-remains-the-greatest-opportunity/news-story/3b9ae34029c5e5d8de2d65557c531a73

 

Education

World university rankings under threat if unis take a cut

The Australian, 16 Aug 2017

Australia has kept six elite universities in a key global ranking but commentators warn funding cuts may weaken the country’s competitive position.

http://www.theaustralian.com.au/higher-education/world-university-rankings-under-threat-if-unis-take-a-cut/news-story/6e5b28e565bdc8b94ed73dfe30ac9536

 

China Domestic

“Who are we?” memes with business angle go viral in China

CGTN, 20 Aug 2017

China's most famous instant messaging application, WeChat, has been flooded with a new series of Who Are We/ What We Want memes, which tackles work behaviors and consumption practices in China.

https://news.cgtn.com/news/33677a4d30557a6333566d54/share_p.html

 

TV reviews: China's Midnight Diner and Chinese Restaurant put 'din' in dinner

StraitsTimes, 16 Aug 2017

Chinese Restaurant has been called a knock-off of the South Korean reality show Youn's Kitchen (2017), which isn't right. More accurately, the Chinese show takes the same question - what if celebrities are dropped in a foreign country and have to get a restaurant up and running in days? - and gives a vastly different answer. For starters, Chinese food and Chinese stars such as Vicki Zhao and Huang Xiaoming enjoy wide fame, even on a remote Thai island.

http://www.straitstimes.com/lifestyle/entertainment/putting-the-din-back-in-diner