The Wild Wild East 24 October 2018

Property

CHINESE BUYER SNAPS UP FORMER BISCUIT FACTORY IN MELBOURNE’S ABBOTSFORD FOR MORE THAN $37M

Commercial Real Estate, 15 Oct. 2018

A former warehouse in Melbourne’s Abbotsford has sold for $37.28 million to a mainland Chinese buyer, in what some agents say is a sign that ‘offshore money’ is returning to commercial property.

https://www.commercialrealestate.com.au/news/chinese-buyer-snaps-up-former-biscuit-factory-in-melbournes-abbotsford-for-more-than-37m/

 

Global developer Greenland walks tall with $2bn Australia portfolio

Australia China Business Review, 16 Oct. 2018

One of the early movers among Chinese developers in Australia remains optimistic about its long-term prospects, despite rapidly falling foreign investment in real estate and challenges emerging for investor finance.

https://www.acbr.com.au/global-developer-greenland-walks-tall-2bn-australia-portfolio

 

Chinese still see value in Australian property despite imposts

Australia China Business Review, 16 Oct. 2018

Chinese property investors still see Australia as good value, despite higher stamp duties and other government fees across the country, according to leading online real estate portal Juwai.com.

https://www.acbr.com.au/chinese-still-see-value-australian-property-despite-imposts

 

 

 

Currency & Financial

Australia-China Business-to-Business Relationship 'Strong,' ACBC's Brumby Says

Bloomberg, 16 Oct. 2018

John Brumby, president of the Australia China Business Council, talks about the bilateral relations between the two countries amid the U.S.-China tensions. Brumby, who is also a former Premier of Victoria and an Independent Director on the Board of Huawei Australia, speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Australia."

https://www.bloomberg.com/news/videos/2018-10-16/australia-china-business-to-business-relationship-strong-acbc-s-brumby-says-video

 

China's new Australian buzzwords to counter Trump

SMH, 17 Oct. 2018

Beijing: China has a new buzz word in its trade war with Donald Trump, and Australia's former competition tsar Allan Fels says it could be a "big step" forward for the communist state.

https://www.smh.com.au/business/the-economy/china-s-new-australian-buzzwords-to-counter-trump-20181016-p50a1c.html

Australian, NZ shares dragged down by weak Chinese GDP data

Reuters, 19 Oct. 2018

Oct 19 (Reuters) - Australian shares edged lower on Friday as China posted its weakest economic growth since the global financial crisis, though the market was off its morning lows as Beijing pledged more policy support to mitigate risks from a trade row with the United States.

https://www.reuters.com/article/australia-stocks-close/australian-nz-shares-dragged-down-by-weak-chinese-gdp-data-idUSL3N1WZ2PV

 

 

Agriculture

China's expanding middle class targeted by Australian quality food exporters

ABC Online, 19 Oct. 2018

Whether it be wine, beef or grain, China's rapidly growing middle class is developing a taste for quality Australian produce.

https://www.abc.net.au/news/rural/2018-10-19/exporters-target-china-expanding-middle-class/10388594

 

China drives record season for Australian citrus growers

Xinhua, 19 Oct. 2018

CANBERRA, Oct. 19 (Xinhua) -- Australia's citrus industry is set for a second consecutive record season on the back of strong demand from China.

http://www.xinhuanet.com/english/2018-10/19/c_137543407.htm

 

 

Resources

China, Australia electric vehicle chain mirrors iron ore trade

SP Global, 17 Oct. 2018

New York — An ambitious Chinese growth initiative appears once again to be reliant on Australian raw materials.

https://www.spglobal.com/platts/en/market-insights/latest-news/metals/101718-china-australia-electric-vehicle-chain-mirrors-iron-ore-trade

 

 

Retail & Tourism

CAPI toasts Melbourne hospitality to drive China growth

Australia China Business Review, 16 Oct. 2018

Premium beverages manufacturer CAPI has showcased the best of Melbourne’s hospitality scene to 10 of China’s top food and beverage influencers, as part of an innovative initiative to grow its export business.

https://www.acbr.com.au/capi-toasts-melbourne-hospitality-drive-china-growth

 

Australian Luxury’s Growth Strategy Depends on Chinese Tourism

Jing Daily, 17 Oct. 2018

Australia’s luxury retail industry continues to be bolstered by increased visitation and spending from Chinese inbound consumers. As of February 2017, the luxury retail industry was valued at about $2 billion with Chinese consumers accounting for about 30 percent of purchases. And the sector is expected to experience 6-8 percent growth over the next year, according to the Deloitte Global Powers of Luxury Report that was released in September.

https://jingdaily.com/australian-luxury-chinese-tourism/

Falling Australian dollar helps tourists open their wallets

AFR, 17 Oct. 2018

Hamilton Island chief executive Glenn Bourke says when the Australian dollar falls he notices a distinct jump in tourist numbers coming to the exclusive resort island.

https://www.afr.com/news/politics/falling-australian-dollar-helps-tourists-open-their-wallets-20181015-h16n54

 

 

Education

Is the Golden Age of Chinese Studying Abroad at an End?

The Diplomat, 18 Oct. 2018

Political headwinds could deter Chinese students from universities in the U.S., Australia, and the U.K.

https://thediplomat.com/2018/10/is-the-golden-age-of-chinese-studying-abroad-at-an-end/

 

 

 

China Domestic

Chinese actress Zhao Liying announces marriage to actor Feng Shaofeng on Sina Weibo

Global Times, 16 Oct. 2018

Chinese actress Zhao Liying announced that she has married Chinese actor Feng Shaofeng by posing her marriage certificate on Sina Weibo on Tuesday morning with the caption "official announcement." 

http://www.globaltimes.cn/content/1123191.shtml

 

Why Chinese Audiences May Not Go Crazy for ‘Crazy Rich Asians’

The Sixth Tone, 25 Sep. 2018

After topping the U.S. box office for three consecutive weeks — including an eye-popping $35 million in its first five days in theaters — “Crazy Rich Asians” has become one of 2018’s breakout hits.

http://www.sixthtone.com/news/1002961/why-chinese-audiences-may-not-go-crazy-for-crazy-rich-asians