The Wild Wild East 10 October

Property

Why Golden Week is no longer so important for Chinese buyers in Australia

AFR, 05 Oct. 2018

It's the week when Australia's top selling agents pull out all stops – helicopters, red carpets and chauffeurs – to tempt the rush of Chinese holidaymakers in Australia to make an impulse property purchase.

https://www.afr.com/real-estate/why-golden-week-is-no-longer-so-important-for-chinese-buyers-in-australia-20181003-h166ax

 

Australia slips from top-five for Chinese property buyers in Golden Week holiday

Domain, 05 Oct. 2018

Chinese tourists taking advantage of the national Golden Week holiday used to flock to Melbourne at this time of year, looking to invest in Australian property. 

https://www.domain.com.au/news/australia-slips-from-topfive-for-chinese-property-buyers-in-golden-week-holiday-20181005-h168i1-770367/

 

Dural is jewel in crown for Chinese in Golden Week

News.com.au, 07 October 2018

DURAL trophy homes are the jewel in the crown for offshore Chinese buyers here for their traditional “Golden Week” holiday.

https://www.news.com.au/finance/real-estate/dural-is-jewel-in-crown-for-chinese-in-golden-week/news-story/d26d27321b12552e6a72423a80eb6ae8

 

‘OPEN THE GATES FOR FOREIGN BUYERS’ SAYS PROPERTY BOSS

The Advertiser, 07 Oct. 2018

THREE quarters of South Australians want foreign real estate investment restricted for fear future generations will not be able to afford to buy homes. The real estate lobby sees it differently.

https://www.adelaidenow.com.au/business/sa-business-journal/real-estate-boss-wants-doors-opened-for-foreign-investors-despite-publics-home-ownership-fears/news-story/f6a80a8bf3ad3ec00b9f8019f891cd9f

 

 

Currency & Financial

China's response to tariffs key to future of $A, economists say

AFR, 30 Sep. 2018

Australian economists say China's response to tariffs likely will be a key factor for the direction of the Australian dollar in coming…

https://www.afr.com/markets/chinas-response-to-tariffs-key-to-future-of-a-economists-say-20180928-h15zcz

 

Australia Holds Key Rate as Housing Downturn Threatens Consumers

Bloomberg, 02 Oct. 2018

Australia kept interest rates at a record low Tuesday as it gauges the impact of falling property prices on an economy that’s otherwise showing strong growth and hiring.

https://www.bloomberg.com/news/articles/2018-10-02/australia-holds-key-rate-as-housing-downturn-threatens-consumers

 

6700 apartment projects across Australia blacklisted for loans by a major bank

AFR, 03 Oct. 2018

A major bank has a blacklist of 6700 apartment projects across Australia where buyers are refused loans or are offered reduced loan to value ratios (LVR), according to mortgage broker Home Loan Experts.

https://www.afr.com/real-estate/6700-apartment-projects-across-australia-blacklisted-for-loans-by-a-major-bank-20181003-h1669d

 

  

 

Agriculture

Freedom Foods milks China's dairy demand despite red tape blip

AFR, 01 Oct. 2018

Food and dairy group Freedom Foods Group says Australia must do more to foster direct government relationships in China, where it expects sales of its dairy, cereals and other products to accelerate as Beijing introduces policies to make it easier for importers despite trade tensions with the United States.

https://www.afr.com/business/freedom-foods-milks-chinas-dairy-demand-despite-red-tape-blip-20181001-h162ua

 

How Australians are helping China become the world's biggest wine maker

News.com.au, 01 Oct. 2018

For Australian winemakers, the Chinese market is booming.

http://www.abc.net.au/news/2018-10-01/australians-helping-china-become-worlds-biggest-wine-maker/10324624

 

Australia: Update on foreign investment in agricultural land

Mondaq, 06 Oct. 2018

Earlier this year the Australian Government announced changes to and recently updated its guidance notes on the rules governing the acquisition of agricultural land by foreign investors.

http://www.mondaq.com/australia/x/743312/agriculture+land+law/Update+on+foreign+investment+in+agricultural+land

 

 

 

Resources

Maoneng reaches financial close on 250MW Sunraysia solar farm

Renew Economy, 08 Oct. 2018

Chinese Australian renewable energy developer Maoneng is to begin construction of the 255MW Sunraysia solar farm near Balranald after reaching financial close for one of the biggest solar projects in the country.

https://reneweconomy.com.au/maoneng-reaches-financial-close-on-250mw-sunraysia-solar-farm-97281/

 

 

Retail & Tourism

High-roller spending 'solid' at Australian casinos despite China fears

SMH, 02 Oct. 2018

Fears that China’s slowing economic growth could cause a collapse in the number of Asian high-rollers coming to gamble heavily at Australian casinos are being “overplayed”, gaming industry analysts say.

https://www.smh.com.au/business/companies/high-roller-spending-solid-at-australian-casinos-despite-china-fears-20181001-p50735.html

 

To Reach Chinese Consumers, Brands Market in Australia

The Wall Street Journal, 03 Oct. 2018

Buyers Down Under called ‘daigou’ are a low-cost way for companies to enter China’s huge market

https://www.wsj.com/articles/how-to-reach-chinese-consumers-market-in-australia-1538559006

 

How Australia’s wild Northern Territory is readying for Chinese tourist boom

South China Morning Post, 05 Oct. 2018

The remote region, the size of Mongolia, intends to almost double its Chinese tourists by 2020 by getting businesses ‘China-ready’. But change is slow and infrastructure still lacking

https://www.scmp.com/lifestyle/travel-leisure/article/2166779/how-australias-wild-northern-territory-readying-chinese

 

 

Education

Labor announces $1.8b plan to educate Australia's toddlers

AFR, 04 Oct. 2018

The nation's three and four-year-olds will be guaranteed 600 hours of education a year under a $1.8 billion plan to be rolled out today by Labor leader Bill Shorten.

https://www.afr.com/news/labor-announces-18b-plan-to-educate-australias-toddlers-20181003-h166q6

 

 

China Domestic

Everything You Need to Know About the Fan Bingbing Scandal

ELLE, 05 Oct. 2018

Fan Bingbing, one of China's most prominent and highest-paid actresses—who dipped her feet in the international film world with roles in X-Men: Days of Future Past and Iron Man 3—fell out of the public eye in early July, causing fans and the entire country to speculate about her whereabouts. Since her disappearance, the rumor mill churned out a slew of theories as to what could've caused Fan's sudden silence, including rumors that the actress was embroiled in a tax evasion investigation.

https://www.elle.com/culture/celebrities/a23584033/fan-bingbing-scandal/