The Wild Wild East 07 February 2018

Property

Yuhu Group buys Dalian Wanda's Australian assets for $1.13 billion
AFR, 29 Jan. 2018

Sydney developer Yuhu Group has confirmed it acquired Chinese conglomerate Dalian Wanda's Sydney and Gold Coast residential and hotel mixed-used projects for $1.13 billion, ending Wanda's presence in Australian real estate after just three years. 
http://www.afr.com/real-estate/yuhu-group-buys-dalian-wandas-australian-assets-for-113-billion-20180129-h0q8n8


Political donor Huang Xiangmo's son buys Circular Quay landmark Gold Fields House

ABC Online, 30 Jan. 2018

The Sydney-based son of Chinese political donor Huang Xiangmo has bought two major Australian properties worth $1.13 billion from one of China's largest property developers.

http://www.abc.net.au/news/2018-01-30/political-donor-huang-xiangmos-son-buys-circular-quay-landmark/9373514

 

Chinese firm's 'lucky' Australian property deal turns sour

SMH, 2 Feb. 2018

A Chinese developer, who purchased the Melbourne offices of Computershare 18 months ago for the “lucky” sum of $88,888,888, has sold the building at a loss in a rising property market.

http://www.smh.com.au/business/property/chinese-firm-s-lucky-australian-property-deal-turns-sour-20180202-p4yzal.html

 

Yuhu's Huang Xiangmo sees better returns in tourism
AFR, 2 Feb. 2018

The new owner of two of Australia's most luxurious waterfront property assets, Yuhu Group, has revealed its plans to turn them into tourism icons in order to boost Australia's economy.
http://www.afr.com/real-estate/yuhus-huang-xiangmo-sees-better-returns-in-tourism-20180201-h0scle


 

Currency & Financial

Chinese to increase investment in Australian healthcare sector

The Australian, 29 Jan. 2018

Chinese investors are expected step up their investment in the Australian healthcare sector, according to a study released today by KPMG and the University of Sydney's Business School. 

https://www.theaustralian.com.au/business/chinese-to-increase-investment-in-australian-healthcare-sector/news-story/5589a6b08bf0a0d480c6f3fd82ac5df1

 

Wanda hotels unit surges 51% on $890m Australia property deal

Financial Times, 30 Jan. 2018
Shares in Wanda Hotel Development surged as much as 51 per cent on Tuesday following a $5.4bn deal between its parent and a consortium including Tencent as well as a separate announcement that it had sealed a $890m deal for its properties in Australia. 

https://www.ft.com/content/f7f6b786-0561-11e8-9650-9c0ad2d7c5b5

 

Westpac Group set to review foreign and local property buyers
AFR, 30 Jan. 2018

Westpac Group, the nation's second largest mortgage provider, will next Monday announce new borrowing terms and conditions for local and foreign residential property buyers on partner visas.
http://www.afr.com/business/banking-and-finance/westpac-group-set-to-turn-screws-again-on-foreign-and-local-property-buyers-20180129-h0qaqe

 

Australia to tighten foreign investment rules amid China concerns

Financial Times, 1 Feb. 2018

Australia is to tighten rules on foreign investment in electricity infrastructure and agricultural land, amid concerns about growing Chinese influence in business, politics and society.

https://www.ft.com/content/308ca8d6-06f6-11e8-9650-9c0ad2d7c5b5


 

Agriculture

MLA teams with Alibaba for `True Aussie' beef, lamb blitz in China

North Queensland Register, 29 Jan. 2018

Suppliers of Australian beef and lamb promoted selected products under the “True Aussie Beef and Lamb” brand in China at the weekend, as Alibaba Group’s Tmall Fresh and Meat and Livestock Australia (MLA) partnered to give beef and lamb producers a new channel to reach Chinese shoppers. 

http://www.northqueenslandregister.com.au/story/5196188/alibabas-true-aussie-meat-promotion-blitz-in-china/

 

'Arrogant' Australia risks scaring-off foreign investors wanting farmland as new reforms favour local bidders

ABC Online, 3 Feb. 2018

Rural real estate agents are criticising a decision by the Federal Government to force them to try selling properties to Australians before offering them to overseas investors.

http://www.abc.net.au/news/rural/2018-02-03/australian-real-estate-agents-concern-foreign-investment-reform/9391394

 

Dairy farming in a volanic valley and exporting to China: Heather reports from Australia

Agriland, 4 Feb. 2018

Just two months ago Co. Down dairy farmer Heather Martin found out she would take part in the trip of a lifetime touring Australia’s top dairy herds.

http://www.agriland.ie/farming-news/dairy-farming-in-a-volanic-valley-and-exporting-to-china-heather-reports-from-australia/

 

 

Resources

The minister the money and the mine. How a rotten deal was hatched

SMH, 5 Feb. 2018

As waiters took orders for toasties and coffee at the Little Teapot Café in the sleepy coastal hamlet of Davistown, NSW, four men were discussing a deal as big as it was potentially rotten.

http://www.smh.com.au/federal-politics/political-news/the-minister-the-money-and-the-mine-how-a-rotten-deal-was-hatched-20180202-p4yzbm.html

 

 

Retail & Tourism

Chinese consumers enjoy cross-border shopping

China Plus, 18 Jan. 2018

Cross-border shopping by Chinese consumers boomed in 2017, with maternity and baby products topping choices, reported Nielsen, a leading global information and measurement company.

http://chinaplus.cri.cn/news/business/12/20180118/79610.html

 

Chinese men outspend women online, thanks to gaming and takeout food

South China Morning Post, 23 Jan. 2018

Hungry young men glued to online games have helped change a bedrock belief in Chinese society: that women spend more on shopping than men.  

http://www.scmp.com/tech/apps-gaming/article/2129549/takeaway-congee-and-honour-kings-help-chinese-men-outspend-women

 

WeChat Pay now allows users to bind overseas credit cards

Technode, 24 Jan. 2018

Tencent’s WeChat Pay, one of China’s major mobile payment services, announced today that international credit cards are now allowed on the mobile payment platform. Expats living in China and residents of Hong Kong, Macao, and Taiwan—places where WeChat is ambitiously expanding its user base—can now bind and activate WeChat Pay accounts with credit card services provided by MasterCard, Visa, and JCB.

https://technode.com/2018/01/24/wechat-pay-now-allows-users-to-bind-overseas-credit-cards/

 

Chinese consumers increasingly embrace “green” products, claims JD.com

Fresh Fruit Portal, 25 Jan. 2018

Data from leading Chinese e-commerce retailer JD.com has revealed the country’s consumers are increasingly shifting their purchases to sustainable goods and are willing to pay the premium.

https://www.freshfruitportal.com/news/2018/01/25/chinese-consumers-increasingly-embrace-green-products-claims-jd-com/

 

 

Education

Overseas students: WA faces shortfall after Labor’s cuts to migration incentives

The Australian, 31 Jan. 2018

The $30 billion international education industry has warned that Western Australia is losing large numbers of valuable overseas students to other states following last year’s decision by the incoming McGowan Labor government to slash migration incentives.

https://www.theaustralian.com.au/higher-education/overseas-students-wa-faces-shortfall-after-labors-cuts-to-migration-incentives/news-story/75771ce3364faea02d0988c680e91dce

 

China Domestic

Why is it Popular? How a Frog Could Derail Xi Jinping’s Age of Ambition

China Skinny, 29 Jan. 2018

Right now millions of young Chinese are anxiously fidgeting with their phones hoping for a very specific notification. They have spent hours fretting and preparing their ‘pet’ frog for his next jaunt across Japan and are worried sick about him. ‘Why haven’t I received a postcard yet? Has he made any friends? When will he return to me?’

https://www.chinaskinny.com/blog/tabi-kaeru-xi-jinping-age-ambition/