Two Hong Kong families just bought into Australian casino operator Star
Business Insider Australia, 29 Mar. 2018
The Star just raised $490 million by selling 10% of the casino operator to two Hong Kong-based trading families.
Treasurer approves Unibail-Rodamco's $30bn Westfield takeover
The Australian, 29 Mar. 2018
French shopping centre giant Unibail-Rodamcos 30 billion takeover bid for Westfieldsinternational shopping centre empire has received the green light from federal Treasurer Scott Morrison, as heavyweight offshore fund managers say a rival bid is unlikely to emerge for the Frank Lowy-led mall empire.
Asian investors pump record cash into overseas real estate
Commercial Times, 30 Mar. 2018
Asian investors pumped a record amount of cash into overseas real estate last year and have signalled their intention to channel even more money into the sector in 2018.
WHY CHINESE REALLY CHOOSE TO LIVE IN SUNNYBANK HILLS
Courier Mail, 30 Mar. 2018
CHINESE culture and rapid growth have led to a decline in brand new house and land listings in a bustling suburb dubbed a 'sleeping giant' by local real estate agents.
Currency & Financial
Australia’s alternate CBD’s come first for overseas investors
The Investor, 27 Mar. 2018
Stock shortages and pressure to diversify are forcing overseas investors to look beyond Australia’s major East Coast cities to the country’s other CBD markets.
In Trump’s ‘trade war’, the Australian and Japanese currencies are set to become collateral damage
South China Morning Post, 27 Mar. 2018
A full-blown trade war between China and the United States has not yet broken out and may yet be avoided but there is a whiff of grapeshot in the air. For markets, such an atmosphere does not lend itself easily to an appetite for risk, instead fostering a demand for safe havens.
China-US tariff dispute may fuel Asia-Oceania trade
JOC.com, 27 Mar. 2018
Container volume on the Asia-Australia-New Zealand trade is expected to soar in 2018, and while the 5 to 7 percent growth in demand predicted by carriers will be driven by traditional economic reasons, rising tensions between Beijing and Washington have the potential to further push up China imports on the north-south trade.
Australia Should Chill Out About Chinese Cash, Watchdog Says
Bloomberg, 29 Mar. 2018
Australia needs to be more relaxed about Chinese cash despite the political tensions that come with it, says the head of Australia’s foreign investment watchdog.
China extends 200 bln-yuan currency swap deal with Australia
Reuters, 30 Mar. 2018
BEIJING, March 30 (Reuters) - China’s central bank has extended a bilateral currency swap agreement worth 200 billion yuan ($31.88 billion) with the Reserve Bank of Australia for another three years.
Platform aims to give Chinese customers ‘ownership’ of Aussie beef, on the hoof
By Beef Central, 22 March 2018
A new digital platform launched in Sydney this week aims to give Chinese restaurants and consumers the ability to ‘own and trace’ Australian cattle, sell or share with family and friends, and connect with top chefs and nutritionists.
Grain growers positive about investment choices
The Weekly Times, 27 Mar. 2018
DESPITE a tough year in parts of Australia and poor prices, some grain growers are looking to increase their landholding and upgrade plant and equipment.
WINE AUSTRALIA: CHINA IS THE ‘WILD WEST’ FOR WINE
The Drinks Business, 28 Mar. 2018
Comparing China to the ‘wild west’, David Lucas, the newly appointed regional general manager of Greater China for Wine Australia, highlighted the opportunities as well as the dilemmas and nuances of the vast market for producers at a panel discussion hosted by Vinexpo on Tuesday.
Abbott, Joyce urge PM: do more to keep Liddell coal plant open
The Australian, 27 Mar. 2018
UPDATED: Tony Abbott and Barnaby Joyce have both used the Coalition partyroom meeting to urge Malcolm Turnbull to do more to keep the Liddell coal power station open.
Retail & Tourism
China’s young consumers are snubbing foreign brands amid growing national pride, says Credit Suisse
South China Morning Post, 22 Mar. 2018
China is seeing the emergence of a generation of consumers who are more likely to opt for home-made brands, spurred by a growing sense of national pride, according to a survey by Credit Suisse.
Tmall expands overseas with six new centres
WARC, 23 Mar. 2018
HANGZHOU: Tmall Global, the Alibaba-owned online marketplace that specialises in cross-border e-commerce, has announced plans to open six new procurement centres around the world in a move expected to benefit overseas brands.
‘HOTELS ARE HEALTHY AND THEIR FUTURE IS AS BRIGHT AS EVER’: AIRBNB
Commercial Real Estate, 28 Mar. 2018
It turns out that reports of the imminent death of hotels were greatly exaggerated. Overzealous, oversized predictions that the sharing economy would be the death knell of traditional hospitality have not materialised. In fact, the reality is quite the opposite.
Australian businesses set their sights on Chinese tourists
In The Black, 1 Apr. 2018
With 1.3 million Chinese tourists already heading Down Under annually, here’s how Australian operators plan to remain China’s flavour of the month.
International students at risk of exploitation at work
The Australian, 27 Mar. 2018
Most international students attending university are from China, followed by India.
Chinese actor Gao Yunxiang arrested for sexual assault in Sydney hotel
The Strait Times, 29 Mar. 2018
SYDNEY - Chinese actor Gao Yunxiang was arrested after a woman accused him of sexual assault in Sydney on Monday (March 26), said Australian reports.