The Wild Wild East 14 March 2018

Property

Sydney vendors fail to recognise property slowdown

AFR, 06 Mar. 2018

Discounts are rising and times on market are growing as Sydney vendors fail to check their hopes with the reality of a slowing market. 
http://www.afr.com/real-estate/sydney-vendors-fail-to-recognise-property-slowdown-20180306-h0x2d3

 

Global ultra-wealthy buyers keen on Australian property

The Australian, 07 Mar. 2018

The number of ultra wealthy people in Australia is tipped to jump to 1720 over the next five years and more of the world's rich could soon be snapping up prestige Australian homes, a new report found.

https://www.theaustralian.com.au/business/property/global-ultrawealthy-buyers-keen-on-australian-property/news-story/5e9bfc7e5dec2fa8184a77e95766f8ab

 

Australia's ultra-wealthy to grow 37pc on property, migration: Knight Frank
AFR, 07 Mar. 2018

Australia's population of 'ultra wealthy' will jump 37 per cent over the next five years as rising property and equity values boost fortunes and the country continues to draw wealthy immigrants, Knight Frank says. 
http://www.afr.com/real-estate/australias-ultrawealthy-to-grow-37pc-on-property-migration-knight-frank-20180306-h0x4h5

 

Fraud and identify theft 'growing threat' to $1.7 trillion real estate business

AFR, 09 Mar. 2018

Mis-selling, fraud, 'out of control' identity theft and hacking are a growing threat to the nation's $1.7 trillion real estate sector, according to analysis by banking and technology specialists.
http://www.afr.com/personal-finance/fraud-and-identify-theft--growing-threat-to-17-trillion-real-estate-business-20180309-h0x947

 

Australians’ interest in Japan driving waves of offshore property investment

Domain, 10 Mar. 2018

Australians are taking advantage of Japan’s cheaper property market in droves, with ski towns becoming increasingly popular for investment.

https://www.domain.com.au/news/australians-interest-in-japan-driving-waves-of-offshore-property-investment-20180310-h0xa54/

 

 

Currency & Financial

RBA lowers economy's investment outlook on manufacturing decline

ABC Online, 07 Mar. 2018

The decline in Australian manufacturing is likely to weigh on the recovery in business investment over coming years, Reserve Bank governor Dr Philip Lowe has warned.

http://www.abc.net.au/news/2018-03-07/rba-downgrades-economic-outlook-on-weaker-business-investment/9522158

 

Spotlight: High-level business summit in Australia eyes new opportunities in China

Xinhua, 08 Mar. 2018

SYDNEY, March 8 (Xinhua) -- Although Australia has a resource-based economy with mining and agriculture at the forefront of the country's past successes, business leaders are continuing to search for new opportunities to sustain growth and compete in the ever changing economic landscape.

http://www.xinhuanet.com/english/2018-03/08/c_137024821.htm

 

China launch for top investment platform

Australia China Business Review, 09 Mar. 2018

One of Australia’s biggest private investment platforms is gearing up to launch its services in China, tapping into increasing demand for Australian investment opportunities from high-net-worth individuals and professional investors.

http://www.acbr.com.au/china-launch-top-investment-platform

 

Chinese investors eye Australian private equity through Noah Holdings
AFR, 11 Mar. 2018

New York-listed Chinese high-net-worth wealth manager Noah Holdings launched its first Australian office in Melbourne on Friday, with plans to invest up to $2 billion in Australian private equity deals over the next four years.
http://www.afr.com/real-estate/chinese-investors-eye-australian-private-equity-through-noah-holdings-20180308-h0x80v



Agriculture

Aussie farmers eye Chinese meat markets

News.com.au, 07 Mar. 2018

Just mentioning Australia when selling meat in China is enough to attract the lofty prices which have opened ultra-premium markets to livestock farmers.

http://www.news.com.au/national/breaking-news/aussie-farmers-eye-chinese-meat-markets/news-story/0600c9b4ee650382be5f04bc6d6665c5

 

Foreign owners help Australian farms 'flourish'

SMH, 08 Mar. 2018

The Consolidated Pastoral Company, a huge beef enterprise with Australian cattle stations covering about 5.5 million hectares, is a “great example” of how a local agricultural business "can flourish and grow" with support from foreign investment, according to the company’s chief executive.

https://www.smh.com.au/business/companies/foreign-owners-help-australian-farms-flourish-20180308-p4z3h0.html

 

Australia Is Selling $280 Steaks to the Chinese

Bloomberg, 08 Mar. 2018

Australia’s richest woman Gina Rinehart is boosting her cattle herd in the world’s third-biggest beef exporter to serve up more premium steak to discerning customers in China.

https://www.bloomberg.com/news/articles/2018-03-07/-280-steak-in-china-sees-australia-s-richest-woman-expand-cattle

 

Falling off the sheep’s back: Why Australia can't capitalise on record wool prices

SMH, 09 Mar. 2018

Sheep farmers in rural Australia waited more than half a century for wool prices to come roaring back, only to find there aren't enough shearers to trim their golden fleeces.

https://www.smh.com.au/business/the-economy/falling-off-the-sheeps-back-why-australia-cant-capitalise-on-record-wool-prices-20180309-p4z3lo.html

 

 

Resources

Rio Tinto's last two coal mines set to attract bids over $3b

SMH, 10 Mar. 2018

At least three bidders are expected to submit final offers for global miner Rio Tinto's Hail Creek and Kestrel coal mines, which could fetch up to $US2.5 billion ($3.2 billion), people familiar with the process said.

https://www.smh.com.au/business/companies/rio-tinto-s-last-two-coal-mines-set-to-attract-bids-over-3b-20180310-p4z3qn.html

 

 

Retail & Tourism

China Outbound Tourism Hits Record High in 2017

Caixin Global, 05 Mar. 2018

Buoyed by rising incomes, favorable exchange rates and easier visa processes, outbound travel from China hit another record last year, a new survey showed.

https://www.caixinglobal.com/2018-03-05/china-outbound-tourism-hits-record-high-in-2017-101217260.html

 

Tencent’s WeChat hits 1 billion milestone as Lunar New Year boosts monthly active users

South China Morning Post, 05 Mar. 2018

WeChat’s monthly user numbers pass 1 billion, up from 980 million in third quarter last year, boosted by Lunar New Year social media activity

http://www.scmp.com/tech/apps-gaming/article/2135690/tencents-wechat-hits-1-billion-milestone-lunar-new-year-boosts

 

One Belt One Road: China lists $400m Gold Coast theme park as 'key project' of global initiative

ABC Online, 05 Mar. 2018

China's Ministry of Culture has listed a Chinese developer's planned Gold Coast theme park as a "key cultural trade and investment project" that is linked to the country's ambitious Belt and Road investment plan.

http://www.abc.net.au/news/2018-03-05/china-lists-planned-gold-coast-theme-park-as-a-key-project/9508904

 

 

Education

Australian universities' student recruitment from China flatlines

Times Higher Education, 05 Mar. 2018

Australian universities’ intake of students from China has flatlined, in a worrying sign for the nation’s third biggest export industry and the coffers of its most prestigious universities.

https://www.timeshighereducation.com/news/australian-universities-student-recruitment-china-flatlines

 

More than a quarter of int'l students in Australia are from China: data

Xinhua, 07 Mar. 2018

More than 600,000 international students studied in Australia in 2017, with China, India and Malaysia taking up the largest proportion, Universities Australia's data showed on Wednesday.

http://www.ecns.cn/2018/03-07/294943.shtml

 

 

China Domestic

Love Tricks or Self-Help? The Singles Paying to Find Love

Sixth Tone, 08 Mar. 2018

SICHUAN, Southwest China — With his car, apartment, and steady job, Zhang Wenjie might seem like a catch.

http://www.sixthtone.com/news/1001889/love-tricks-or-self-help%3F-the-singles-paying-to-find-love

 

Picture of grace: 71-year-old model shines on Taobao

China Daily, 08 Mar. 2018

A 71-year-old female on Taobao has become a role model for many women in the country.

http://www.chinadaily.com.cn/a/201803/08/WS5aa0d6cda3106e7dcc14067a.html