The Wild Wild East 07 November 2018

Property

Developers Need to Take Appropriate Measures to Prepare for Downturn: EY

The Urban Developer, 29 Oct. 2018

The Banking Royal Commission has sent tremors through Australia’s housing sector, and combined with a 67 per cent drop in offshore buyers, the nation's slowdown has several serious implications for developers, builders and financiers.

https://theurbandeveloper.com/articles/developers-should-take-appropriate-measures-to-prepare-for-downturn-ey

 

Top-end markets in Sydney, Melbourne and Brisbane outpace global average: Knight Frank

AFR, 30 Oct. 2018

The luxury property markets of three Australian cities have so far proven immune to the effects of a wider market downturn, growing more than the global average over the year, according to Knight Frank's latest Prime Global Cities Index.

https://www.afr.com/real-estate/topend-markets-in-sydney-melbourne-and-brisbane-outpace-global-average-knight-frank-20181029-h179jt

 

Crazy rich Asians + the Aussie property market.

Switzer Daily, 31 Oct. 2018

Saturday three weeks ago proved to be a warm one in Melbourne, where anyone who’s spent time in this world-class city knows that living in hope for continuous bursts of good weather is living in vain. 

http://www.switzer.com.au/the-experts/maureen-jordan-womens-expert/crazy-rich-asians-the-aussie-property-market-/

 

 

Currency & Financial

TD SECURITIES: China's central bank is 'hamstrung' and the Chinese yuan will continue to fall

Business Insider Australia, 29 Oct. 2018

Further weakness in China’s currency, the yuan (CNY), rattled global markets on Friday.

https://www.businessinsider.com.au/china-currency-yuan-falling-2018-10

 

Australia trade minister to visit China in sign of thaw

Reuters, 03 Nov. 2018

MELBOURNE (Reuters) - Australia’s trade minister will travel to China on Sunday, in a sign that political tensions between the two countries may be easing.

https://www.reuters.com/article/us-australia-china-trade/australia-trade-minister-to-visit-china-in-sign-of-thaw-idUSKCN1N802B

 

Xi Jinping pledges to remove trade barriers, says China can weather tariff war

AFR, 05 Nov. 2018

Shanghai | President Xi Jinping has promised to further open up China to foreign investment and further cut import tariffs and emphasised the world's second-largest economy's ability to weather a prolonged trade war with the United States.

https://www.afr.com/news/world/asia/xi-jinping-pledges-to-remove-trade-barriers-says-china-can-weather-tariff-war-20181105-h17ix0

 

  

Agriculture

China Invests: Buyers moving into Australia's wine industry

ABC Online, 28 Oct. 2018

China is the top destination for our home-grown wines, but across Australia’s wine producing regions, Chinese investors are buying up vineyards and wineries too.

https://www.abc.net.au/news/2018-10-28/china-invests:-buyers-moving-into-australias-wine/10439294?section=business

 

AUSSIE LOBSTER CROP MEETS CHINESE DEMAND

World Fishing, 29 Oct. 2018

Southern Rock Lobster fisherman in Australia’s southern zone season have reported good conditions and strong catches in the first two weeks of the season with favourable prices driven by high demand from China.

https://www.worldfishing.net/news101/industry-news/aussie-lobster-crop-meets-chinese-demand

 

 

 

Resources

Huge Australian mining opportunities from China's One Belt One Road

International Mining, 29 Oct. 2018

Huge Australian mining opportunities from China's One Belt One Road ... over the next decade, with flow-on benefits for coking coal and iron ore production.

https://im-mining.com/2018/10/30/australian-mining-will-benefit-chinas-one-belt-one-road/

 

 

Retail & Tourism

New rules clamp down on private agents sneaking overseas purchases into China without paying taxes

Global Times, 18 Oct. 2018

Miaomiao (pseudonym) was working part time in a hotel in Australia's Brisbane before she became a private shopping agent (known as daigou in China) to make some extra money while taking care of her baby.

http://www.globaltimes.cn/content/1123528.shtml

 

Baby formula frenzy: Coles, Woolworths under pressure to do more about overseas buyers

9news.com.au, 25 October 2018

Australian parents say they’re being pushed to breaking point because they can’t find baby formula for their children.

https://www.9news.com.au/national/2018/10/25/18/00/baby-formula-shopping-sent-overseas-empty-shelves-parents-worry

 

Opportunities for companies transporting goods to China from Australia are enormous: Wiseway Group chairman

Xinhua, 31 Oct. 2018

SYDNEY, Oct. 31 (Xinhua) -- With demand for fresh Aussie produce like dairy, meat, seafood and vegetables soaring in China, former Australian Ambassador to China Geoff Raby told Fairfax Media on Wednesday that there are huge opportunities for businesses who can transport goods quickly and efficiently.

http://www.xinhuanet.com/english/2018-10/31/c_137571167.htm

 

$9bn Star Entertainment tourism plan wins approval 

The Australian, 02 Nov. 2018

The Star Entertainment Group and its Chinese joint-venture partners are on track to own about 9 billion worth of assets across southeast ...

https://www.theaustralian.com.au/business/property/9bn-star-tourism-plan-wins-approval/news-story/2c8f9a1893d9f585202d7e7d90b78507

 

Falling property prices could ruin Christmas for retailers

AFR, 02 Nov. 2018

The fall in the property market risks affecting consumer demand on the eve of Christmas sales, traditionally the peak sales period for retailers, according to analysis by investment bank Morgan Stanley.

https://www.afr.com/business/banking-and-finance/falling-property-prices-could-ruin-christmas-for-retailers-20181102-h17f4q

 

Education

‘Best in the world’: Dairy Australia programme extols virtue of produce to Chinese

By Pearly Neo, 31 Oct. 2018

The Dairy Australia Greater China Scholarship Programme welcomed professionals from China’s dairy industry to Australia this year to learn more about the ‘world’s best’ dairy industry.

HTTPS://WWW.FOODNAVIGATOR-ASIA.COM/ARTICLE/2018/10/31/BEST-IN-THE-WORLD-DAIRY-AUSTRALIA-PROGRAMME-EXTOLS-VIRTUE-OF-PRODUCE-TO-CHINESE 

 

 

China Domestic

Renowned Chinese martial arts novelist Jin Yong dies at 94

Xinhua, 31 Oct. 2018

HONG KONG, Oct. 30 (Xinhua) -- Famous Chinese martial arts novelist Louis Cha Leung-yung, more widely known by his pen name Jin Yong, died at 94 at a hospital in Hong Kong on Tuesday.

http://www.xinhuanet.com/english/2018-10/31/c_137569926.htm

 

Agony and Ecstasy: China Wins First ‘League of Legends’ Title

The Sixth Tone, 05 Nov. 2018

As the Chinese team dealt the death blow to their opponents’ base in the final of Sunday’s “League of Legends” World Championship, the Mandarin-speaking commentator lost what little was left of his cool-headed veneer.

http://www.sixthtone.com/news/1003157/agony-and-ecstasy-china-wins-first-league-of-legends-title