The Wild Wild East 31 January 2018

Property

Sydney, Melbourne among world's least affordable cities: US survey

AFR, 22 Jan. 2018

Sydney trails only Hong Kong as the world's most expensive city to live, and Melbourne places No. 5, the annual Demographia International Housing Affordability Survey shows.
http://www.afr.com/real-estate/sydney-melbourne-among-worlds-least-affordable-cities-us-survey-20180122-h0m7br

 

Major Australian real estate company in crisis after latest profit warning

Financial Times, 22 Jan. 2018

McGrath, one of Australia’s biggest listed real estate agents, is in crisis owing to the resignation of its chief executive and most of its directors on Monday following the latest in a series of profit warnings.

https://www.ft.com/content/b60e7639-232d-3d8e-82e3-ec4c2602e1ca

 

China's Wanda confirms sale of Australian property assets

SMH, 24 Jan. 2018

One of China's biggest property developers, Wanda, has said it has disposed of its flagship Australian property assets.

http://www.smh.com.au/business/property/chinas-wanda-confirms-sale-of-australian-property-assets-20180124-h0nkjy.html

 

Australia's foreign property buyer rules compare well globally

AFR, 25 Jan. 2018

Australia's introduction of several new taxes on foreign property investors has been partially blamed for a dive in sales but just how bad is Australia compared with other countries where investors might want to share in a piece of the action?
http://www.afr.com/real-estate/australias-foreign-property-buyer-rules-compare-well-globally-20180119-h0l0oh


HNA offloads Sydney office block to Blackstone for more than $200m

The Australian, 26 Jan. 2018

The Chinese government's crackdown on the highly acquisitive mainland companies that forged into real estate and entertainment markets worldwide has seen more than $800 million worth of assets sold this week.

https://www.theaustralian.com.au/business/property/hna-offloads-sydney-office-for-200m-to-blackstone/news-story/8deccedc28c2c0159ad1395e12c59e48

 

 

Currency & Financial

China sovereign fund, buyout firms vying for Aussie supplement brand Nature's Care: sources

Business Times, 23 Jan. 2018

[HONG KONG] An arm of China's sovereign fund is competing with buyout firms in the bidding for Nature's Care Manufacture, as the Australian supplement brand's owner makes a second attempt at a sale, people with knowledge of the matter said. 

http://www.businesstimes.com.sg/consumer/china-sovereign-fund-buyout-firms-vying-for-aussie-supplement-brand-natures-care-sources

 

Australia increases foreign direct investment inflows

Financial Standard, 24 Jan. 2018

Australia was one of few countries to see foreign direct investment inflows increase in 2017, according to the United Nations Conference on Trade and Development.

http://www.financialstandard.com.au/news/australia-increases-foreign-direct-investment-inflows-112245396

 

'This is different rich...It's crazy': the Chinese riding the spending boom

SMH, 27 Jan. 2018

There’s never been an immigrant class quite like it. And while they’re relatively few in number, the stonkingly rich Chinese who now call Australia home are driving the boom in demand for everything from Toorak mansions with tennis courts to luxury handbags, jewellery, yachts and plastic surgery.

http://www.smh.com.au/good-weekend/this-is-different-richits-crazy-the-chinese-riding-the-spending-boom-20171222-h09g75.html

 

 

Agriculture

Aussie wine exports top 800 mln liters on back of Chinese demand: report

Xinhua, 23 Jan. 2018

CANBERRA, Jan. 23 (Xinhua) -- Australian wine exports topped 800 million litres for the first time in 2017 on the back of strong demand from China, a report has revealed.

http://www.xinhuanet.com/english/2018-01/23/c_136918253.htm

 

SPC will now export IXL jam to China as it marks 100 years in business in Australia

Herald Sun, 25 Jan. 2018

AUSTRALIANS might not want more jam on their toast but SPC has found a new global buyer for its IXL jam as it works to cement its future after being in business for 100 years.

http://www.heraldsun.com.au/business/companies/spc-will-now-export-ixl-jam-to-china-as-it-marks-100-years-in-business-in-australia/news-story/2cfff9ea606484c88710ad75dcd30149

 

Australian barley draws 'insatiable' Chinese demand -exporter

Reuters, 26 Jan. 2018

PARIS, Jan 26 (Reuters) - China is soaking up almost all of Australia's barley exports due to rising livestock feed demand and the trend could continue as Beijing looks to divert corn supplies toward ethanol fuel, an Australian export firm said on Friday.

http://www.nasdaq.com/article/australian-barley-draws-insatiable-chinese-demand-exporter-20180126-00649

 

 

Resources

China's Yancoal to produce 70 mln tonnes of raw coal in 2018

Xinhua, 23 Jan. 2018

JINAN, Jan. 23 (Xinhua) -- China's Yancoal Australia Ltd (Yancoal), the largest pure-coal producer in Australia, is expected to produce at least 70 million tonnes of raw coal in 2018, an official of Yankuang Group said Tuesday.

http://www.xinhuanet.com/english/2018-01/23/c_136918996.htm

 

Australia debates value of electric vehicles while China pushes ahead

SMH, 27 Jan. 2018

When Hong Dan, 26, bought her first car six months ago, the choice to go electric was simple.

http://www.smh.com.au/world/australia-debates-value-of-electric-vehicles-while-china-pushes-ahead-20180125-p4yyws.html

 

 

Retail & Tourism

Travellers between Australia and China increased by more than 200% over the past decade: Here are the business opportunities

Smart Company, 22 Jan. 2018

New figures show Australia’s tourism sector is flying, with passenger movements to and from China driving the boom, with experts saying this presents further opportunities for Australian brands. 

https://www.smartcompany.com.au/finance/economy/tourists-to-australia-from-china-increased-more-than-200-this-decade/

 

Isobar China CEO joins IPG’s Reprise Australia

Marketing Interactive, 22 Jan. 2018

IPG Mediabrands has announced the appointment of Dr Grace Liu as the incoming CEO of Reprise, Mediabrands’ digital experience agency.

http://www.marketing-interactive.com/isobar-china-ceo-joins-ipgs-reprise-australia/

 

China's Middle Class Is Spurring The Australian Open Record-Breaking Attendance

Forbes, 22 Jan. 2018

Thousands of tennis fans have been pouring through the gates of the Melbourne Tennis Centre to watch champions of the hard court battle it out for top seed in this year’s Australian Open.

https://www.forbes.com/sites/millystilinovic/2018/01/22/chinas-middle-class-is-spurring-the-australian-open-record-breaking-attendance/#197fbde5e199

 

Jessica Rudd sells e-commerce stake to China's eCargo
AFR, 22 Jan. 2018

Jessica Rudd has been selling Australian wine, infant formula and hundreds of other products to China via her booming online business for almost three years. Now, she's selling the company.
http://www.afr.com/business/retail/jessica-rudd-sells-ecommerce-stake-to-chinas-ecargo-20180122-h0m4hj


Aussie retailers using WeChat as a channel to Chinese consumers

IT Brief, 23 Jan. 2018

China’s largest social media platform, WeChat, has gone mainstream in Australia and is creating significant opportunities for Australian businesses.  

https://itbrief.com.au/story/aussie-retailers-using-wechat-channel-chinese-consumers/

 

 

Education

Chinese swoop on foreign education assets

News.com.au, 26 Jan. 2018

The continued rise in Chinese students flocking to study in Western countries appears to be fuelling an appetite among investors for education assets.

http://www.news.com.au/finance/business/breaking-news/chinese-swoop-on-foreign-education-assets/news-story/c52fb9dc707ed6fed4107fa3de75bf54

 

 

China Domestic

Prodigal Frogs Are China’s Latest Gaming Fad

Sixth Tone, 23 Jan. 2018

A virtual green frog has hopped its way into the hearts of millions of Chinese mobile users.

http://www.sixthtone.com/news/1001592/Prodigal%20Frogs%20Are%20China’s%20Latest%20Gaming%20Fad/

 

Jack Ma dances like the 'King of Pop'

CNN, 13 Sep. 2017

From impersonating Michael Jackson to playing guitar - China's richest businessmen take to the stage to celebrate corporate successes in extravagant galas.

https://edition.cnn.com/videos/cnnmoney/2017/09/14/chinese-billionaires-take-to-the-stage-lon-orig.cnn-tech