The Wild Wild East 03 October 2018

Property

Westpac is ditching risky property investors, giving them a month to find a new lender

Business Insider, 24 Sep. 2018

Westpac Group, the nation’s second largest lender, is giving risky property investors less than one month to find another lender amid growing concerns about the impact of rising rates, falling values and oversupply.

https://www.businessinsider.com.au/westpac-property-investment-loans-high-risk-2018-9

 

Sydney, Melbourne house prices to decline by 10 per cent from their peak: ANZ

SMH, 28 Sep. 2018

Australian home prices are likely to fall over the next couple of years, reflecting the impact of tighter lending standards and the prospect of higher official interest rates from the Reserve Bank of Australia (RBA) placing downside pressure on prices, says ANZ Bank’s Australian economics team.

https://www.smh.com.au/business/the-economy/sydney-melbourne-house-prices-to-decline-by-10-per-cent-from-their-peak-anz-20180928-p506kr.html

 

 

Gold Coast Spirit tower build back on track after clampdown on foreign investment in China

Gold Coast Bulletin, 28 Sep. 2018

Gold Coast Spirit tower build back on track after clampdown on ... due to a clampdown on foreign investment by the Chinese Government.

https://www.goldcoastbulletin.com.au/business/gold-coast-spirit-tower-build-back-on-track-after-clampdown-on-foreign-investment-in-china/news-story/a74900b0b6a06a4f0d547a051e717506

  

 

Currency & Financial

WHY CHINA’S RICHEST FLOCK TO AUSTRALIA – EVEN IF THEY’RE NOT ALWAYS WELCOME

South China Morning Post, 29 Sep. 2018

Ultra-wealthy Chinese are leaving a trail of dollars across Australia, boosting sectors from property and education to luxury goods – but not everyone is happy about it

https://www.scmp.com/week-asia/society/article/2163540/why-chinas-richest-flock-australia-even-if-theyre-not-always

 

With Chinese investment, some sectors still very much in favour

AFR, 23 Sep. 2018

When the Australian Competition and Consumer Commission green-lit the $13 billion takeover of APA Group by Hong Kong-based suitor Cheung Kong Infrastructure, earlier this month it also moved the deal further down the line towards completion.

https://www.afr.com/news/special-reports/deal-market-outlook/with-chinese-investment-some-sectors-still-very-much-in-favour-20180920-h15nd1

 

China pledges to carry on investing globally, even as wealthy nations shun its money

South China Morning Post, 29 Sep. 2018

China will continue to push forward with global investment, even as a growing number of nations move to restrict the capital inflows, citing national security grounds

https://www.scmp.com/economy/china-economy/article/2166257/china-pledges-carry-investing-globally-even-wealthy-nations

 

 

Influx of wealthy Chinese to drive stockmarket activity

The Australian, 26 Sep. 2018

The unprecedented flood of wealthy individuals leaving China and settling in Australia will help fuel one of the fastest booms in private wealth ...

https://www.theaustralian.com.au/business/markets/influx-of-wealthy-chinese-to-drive-stockmarket-activity/news-story/e51c8fc6c373381d12563b3e0aeaffae

 

 

Agriculture

Food investments 'ripe for picking' by Chinese

The Australian, 26 Sep. 2018

Chinese investors in Australia attending a Sino-Australasian entrepreneurs summit have been told that the food and agricultural sector is ripe ...

https://www.theaustralian.com.au/business/food-investments-ripe-for-picking-by-chinese/news-story/1dd28ab8f807cd466d105601c2666bd4

 

Oysters wars: 'tsunami in a small pond' as $20m investment triggers fear and suspicion

SMH, 29 Sep. 2018

Batemans Bay oyster farmer Ray Wilcox was ready to spend up big.

https://www.smh.com.au/politics/nsw/oysters-wars-tsunami-in-a-small-pond-as-20m-investment-triggers-fear-and-suspicion-20180926-p50645.html

 

 

Resources

Chinese gas deal: National security concerns could be eased if it invests in local market, argues Liberal MP

ABC Online, 26 Sep. 2018

A Federal Liberal MP has suggested a Chinese and Hong Kong based consortium hoping to buy large swathes of the nation's gas pipelines could allay national security concerns by committing to invest in the sector, as security analysts urge the government to block the deal.

http://www.abc.net.au/news/2018-09-26/national-security-concerns-over-major-gas-deal/10304558

 

 

Retail & Tourism

7 million Chinese to travel abroad this Golden Week

Ecns.cn, 21 Sep. 2018

It is estimated that nearly 7 million mainland tourists will travel abroad during the National Day holiday this year, accounting for about 5 percent of the total number of outbound tourists throughout the year, leading Chinese online travel agency Ctrip said in a recent report.

http://www.ecns.cn/news/2018-09-21/detail-ifyyehna1449091.shtml

 

Ctrip's James Liang: Australia needs to lift 'boring' image to attract tourists

AFR, 28 Sep. 2018

The executive chairman of China's biggest online travel companysays there is a perception amongst Chinese tourists that Australia is "boring" and it needs to lure celebrities to the country or become a film set for blockbuster movies to become a "hot" destination like Thailand or Japan.

https://www.afr.com/news/world/asia/ctrips-james-liang-australia-needs-to-lift-boring-image-to-attract-tourists-20180827-h14kjc

  

 

Education

Australian universities slide down rankings prompts funding warning

SMH, 26 Sep. 2018

Nine Australian universities have been listed among the top 200 in the world but two-thirds of those have slid backwards on the rankings, amid warnings that funding cuts and more intense competition are damaging their reputations.

https://www.smh.com.au/national/australian-universities-slide-down-rankings-prompts-funding-warning-20180926-p5060y.html

 

 

 

China Domestic

Tang Wei Stars in Major China-Australia Co-Production ‘The Whistleblower’

Variety, 28 Sep. 2018

Production is under way on “The Whistleblower,” one of the biggest Australian-Chinese co-production movies ever made. The film is a thriller about a Chinese expatriate who discovers a conspiracy at the firm he is working for.

https://variety.com/2018/film/asia/tang-wei-china-australia-coproduction-whistleblower-1202959571/