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.
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.
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.
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?
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.
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.
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.
'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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.