The Wild Wild East 17 October 2018

Property

Most popular suburbs for Chinese property buyers

News.com.au, 08 Oct. 2018

IT was once a popular time to buy Aussie real estate, but a week-long China holiday has produced a surprise from Chinese buyers this year, with data showing their home preferences are changing.

https://www.news.com.au/finance/real-estate/sydney-nsw/most-popular-suburbs-for-chinese-property-buyers/news-story/288a1586977ddc77a28832613b86d135

 

The top Australian cities that Chinese buyers are flocking to

Mortgage Business, 11 Oct. 2018

Chinese buyers are continuing to look to Australia to purchase properties, with research from a leading international property portal for Chinese buyers revealing the top cities this growing market is looking to purchase in.

https://www.mortgagebusiness.com.au/breaking-news/12747-the-top-australian-cities-that-chinese-buyers-are-flocking-to

 

Property market not rosy, says Country Garden

SMH, 13 Oct. 2018

The local arm of Chinese property giant Country Garden is preparing to pounce on buying opportunities as the market downturn unfolds, with a particular eye on mixed use residential ‘lifestyle’ developments.

https://www.smh.com.au/business/companies/property-market-not-rosy-says-country-garden-20181011-p50940.html

 

 

Currency & Financial

Exclusive: Australia’s Prime Minister Says China Not Targeted by Investment Restrictions

Caixin, 09 Oct. 2018

(Sydney/Beijing) — While the media and commentators might talk about the Australian government’s concern over supposed Chinese efforts to influence its politics and national security issues, both countries have great mutual respect and a strong economic relationship, Australian Prime Minister Scott Morrison said.

https://www.caixinglobal.com/2018-10-09/exclusive-australias-prime-minister-says-china-not-targeted-by-investment-restrictions-101333112.html

 

ANU database provides fresh clarity on Chinese investment

Australia China Business Review, 11 Oct. 2018

State owned enterprises have accounted for around half of the $40.4 billion worth of Chinese commercial investment in Australia from 2014 to 2017, according to a new database launched by the Australian National University this week.

https://www.acbr.com.au/anu-database-provides-fresh-clarity-chinese-investment

 

Australia economy to keep growing, but much depends on China: Reuters poll

Reuters, 12 Oct. 2018

SYDNEY (Reuters) - Australia’s economy is forecast to grow solidly over the next couple of years on booming infrastructure spending and strong resource exports, though trade tensions and falling house prices are a clear hurdle ahead.

https://www.reuters.com/article/us-australia-economy-poll/australia-economy-to-keep-growing-but-much-depends-on-china-reuters-poll-idUSKCN1ML2U2

 

 

Agriculture

Shanghai's Pengxin diverted $567 million to Brazil after snub on Kidman sale

AFR, 08 Oct. 2018

Shanghai-based conglomerate Pengxin redirected the $US400 million ($567 million) it was prepared to pay for Australia's largest private land holding, S. Kidman & Co, into investments in Brazil after it was snubbed by then treasurer Scott Morrison in 2016, a move that "discouraged the conglomerate from looking for further deals in Australia".

https://www.afr.com/real-estate/shanghais-pengxin-diverted-567m-to-brazil-after-snub-on-kidman-sale-20181008-h16d4t

 

Australian barley tops the charts in Chinese market; solid destination for wheat

Grain Central, 08 Oct. 2018

Australian barley’s dominant position in the Chinese market is set to continue and Australia’s substantial share of the Chinese wheat market also remains strong, although facing competition from North American suppliers.

https://www.graincentral.com/markets/australian-barley-tops-the-charts-in-chinese-market-solid-destination-for-wheat/

 

The next Cubbie Station, China's $400 million investment in northern Australia

AFR, 12 Oct. 2018

It's the first day of the corn harvest and as a header moves cautiously through the crop, a message is delivered via two-way radio.

https://www.afr.com/business/agriculture/crops/the-next-cubbie-station-chinas-400-million-investment-in-northern-australia-20181008-h16dgh

 

Resources

Maoneng secures financing for 255 MWp Sunraysia Solar Farm

PV Magazine Australia, 09 Oct. 2018

In addition to securing debt financing from a consortium of banks, the Australian-Chinese renewables developer has entered into a long-term equity partnership with global infrastructure investor John Laing for the investment and development of the Sunraysia Solar Farm. John Laing confirmed it will invest $108.6 million in the project, taking a 90.1% stake.

https://www.pv-magazine-australia.com/2018/10/09/maoneng-secures-financing-for-255-mwp-sunraysia-solar-farm/

 

China on pace to become top natural gas importer in 2018

Nikkei Asian News, 14 Oct. 2018

TOKYO -- China is expected to become the world's biggest importer of natural gas for the first time in 2018, overtaking longtime leaders Japan and South Korea.

https://asia.nikkei.com/Business/Markets/Commodities/China-on-pace-to-become-top-natural-gas-importer-in-2018

  

 

Retail & Tourism

BONESHAKER BECOMES A GROUNDBREAKER IN CHINA

Adleide Now, 07 Oct. 2018

THE term “an Aussie burger with the lot” is a new concept in China — but one local burger bar is taking beetroot, egg and pineapple to hungry folk in Shenzhen.

https://www.adelaidenow.com.au/thesourcesa/boneshaker-restaurant-takes-its-aussie-burgers-to-shenzhen-china/news-story/24afd63bc09e14efc287eaa5157f7ff4

 

Australia 14th most popular destination for Chinese tourists

AFR, 10 Oct. 2018

Shanghai | Australia ranked 14th in a key list of popular destinations for Chinese tourists during the biggest travelling week of the year, slipping two spots on the same time a year ago but improving over the last six months.

https://www.afr.com/news/world/asia/australia-14th-most-popular-destination-for-chinese-tourists-20181009-h16f6k

 

Australia ranks 9th for Alipay during Golden Week

Technology Decisions, 11 Oct. 2018

Total Australian transaction volumes over Alipay during China’s semi-annual Golden Week national holiday surged 105% from 2017, as Chinese tourists took the opportunity to travel to Australia.

https://www.technologydecisions.com.au/content/it-management/news/australia-ranks-9th-for-alipay-during-golden-week-475581481

 

 

Education

Economy relies on China as international students prop up our universities

News.com.au, 14 Oct. 2018

IT WAS 3.30pm as I waited at a popular Melbourne cafe in the heart of the city. I had arranged to meet Xing Wu, a 32-year-old Chinese international student from the Fujian Province in the southeast of China.

https://www.news.com.au/finance/economy/australian-economy/economy-relies-on-china-as-international-students-prop-up-our-universities/news-story/6bea7fc2c0c7dbd364346b74722c67df

 

 

China Domestic

Star of smash film The Mermaid, Kitty Zhang, divorces after police report into domestic dispute goes viral

South China Morning Post, 27 Sep. 2018

A star of Stephen Chow’s 2016 box office smash The Mermaid, Zhang Yuqi, also known as Kitty Zhang, and her husband have divorced, it was announced on Thursday. The announcement came after a screenshot of a police report on a violent marital dispute went viral on social media.

https://www.scmp.com/news/china/society/article/2166055/star-smash-film-mermaid-divorces-after-police-report-domestic