The Wild Wild East 23 May

Property

Property market continues to cool off as home loans tumble

ABC Online, 11 May 2018

The retreat of investors from the property market is starting to look like a rout, with a big fall in applications in March.

http://www.abc.net.au/news/2018-05-11/home-loans-march-2018/9750736

 

Scott Morrison's missed chance to relieve property pressure

AFR, 13 May 2018

Here's a challenge: try raising the deposit for a family-size apartment close to central Sydney on a middle-class wage, say $130,000.

http://www.afr.com/news/politics/morrisons-missed-chance-to-relieve-property-pressure-20180511-h0zxuu

 

RBA's Guy Debelle flags housing risk from tighter lending standards on bank probe

AFR, 15 May 2018

Reserve Bank of Australia deputy governor Guy Debelle has warned a further tightening of lending standards would primarily hit the housing market even as he downplayed the dangers of the coming wave of resets to interest-only loans.

http://www.afr.com/news/economy/rbas-guy-debelle-flags-housing-risk-from-tighter-lending-standards-on-bank-probe-20180514-h102ci

 

8pc is nothing: Australia's foreign buyer taxes are competitive - Knight Frank

AFR, 16 May 2018

Australia's relatively modest surcharges on foreign purchases of residential property will not stem demand for property by global high net worth investors at a time of growing instability and volatility, says Knight Frank's global residential head Lord Andrew Hay. 

http://www.afr.com/real-estate/8pc-is-nothing-australias-foreign-buyer-taxes-are-competitive--knight-frank-20180516-h104o2

 

With Australian property prices high, more investors are eyeing off overseas properties

News.com.au, 17 May 2018

WITH it cheaper to buy a property in the Greek Islands than a two-bedroom apartment in Sydney more Australia’s are looking to park their investment dollars overseas.

http://www.news.com.au/finance/real-estate/with-australian-property-prices-high-more-investors-are-eyeing-off-overseas-properties/news-story/31b9a065f13730fe1cb958220e3ae251

 

Currency & Financial

Chinese Money Keeps Supporting Australia Despite Investment Restrictions

Forbes, 8 May 2018

Australian authorities passed restrictions in February that limit foreign investment. They're not aimed expressly at China, but that's the country a lot of Australians are warily watching.

https://www.forbes.com/sites/ralphjennings/2018/05/08/chinese-money-keeps-supporting-australia-despite-investment-restrictions/#733ec6e52150

 

Strategists optimistic ASX can advance to multiyear highs

AFR, 13 May 2018

Several top strategists are optimistic that the ASX can extend a sharp rally that started about six weeks ago and break through a 10-year high.

http://www.afr.com/markets/equity-markets/strategists-optimistic-asx-can-advance-to-multiyear-highs-20180513-h0zzu8

 

Vital Signs: how inflation in China and the US could affect Australia

The Conversation, 10 May 2018

Business conditions in Australia have been strong enough to see a surge in company tax revenue that led Treasurer Scott Morrison to outline cuts to personal income taxes over the next seven years in Tuesday’s federal budget.

http://theconversation.com/vital-signs-how-inflation-in-china-and-the-us-could-affect-australia-96357

 

Agriculture

Why more Australian winemakers are using virtual reality to attract international tourists

ABC Online, 8 May 2018

Australian winemakers are turning to virtual and augmented reality technology in a bid to tap into international markets.

http://www.abc.net.au/news/rural/2018-05-08/virtual-reality-boosts-australian-wine-industry/9728440

 

Beef Australia 2018: Know your business before seeking capital, farmers told

The Weekly Times, 10 May 2018

FARMERS need to know their business and goals back to front before seeking outside capital investment to grow.

https://www.weeklytimesnow.com.au/agribusiness/cattle/beef-australia/beef-australia-2018-know-your-business-before-seeking-capital-farmers-told/news-story/5e89df9563a29a96552ddd8185ea7d45

 

Chinese trip an eye-opener for wool grower

The Naracoorte Herald, 10 May 2018

Kybybolite wool grower Mark Kester has returned from a fact-finding trip to China confident of the country’s continued appetite for the Australian clip and excited about “game-changing” innovations in sports wool.

https://www.naracoorteherald.com.au/story/5393488/chinese-trip-an-eye-opener-for-wool-grower/

 

Resources

China lithium top player boosts investment in emerging Australian miner

Minging.com, 7 May 2018

Sichuan Yahua Industrial Group, one of China's largest lithium hydroxide and carbonate producers, is injecting further funds into emerging Australian lithium producer Core Exploration (ASX:CXO) as Chinese companies continue to aggressively try securing supply of the key ingredient needed for making the batteries that power electric cars.

http://www.mining.com/china-lithium-top-player-boosts-investment-emerging-australian-miner/

 

Retail & Tourism

Chinese police seize fake Penfolds, Swisse, Blackmores in multi-million-dollar counterfeiting crackdown

ABC Online, 7 May 2018

Police in southern China have seized more than 30 million yuan ($6.3 million) worth of counterfeit products, including large hauls of popular Australian-branded wines, vitamins, foods, and cosmetics.

http://www.abc.net.au/news/2018-05-07/chinese-police-crack-down-on-fake-australian-products/9720578

 

Tourism Australia Targets High-Spending Consumers With New Premium Strategy

Skift.com, 8 May 2018

The Land Down Under is going upmarket.

https://skift.com/2018/05/08/tourism-australia-targets-high-spending-consumers-with-new-premium-strategy/

 

Chinese social media to play pivotal role in new Australian wine marketing push

ABC Online, 8 May 2018

Chinese consumers will be targeted through social media and bilingual digital platforms as part of an ambitious push to bolster a New South Wales wine region's global profile.

http://www.abc.net.au/news/2018-05-08/chinese-social-media-to-play-pivotal-role-in-new-wine-campaign/9735786

 

Chinese consumers don't idealize American products the way they used to — and that's bad news for Apple and Tesla

Business Insider, 10 May 2018

For decades, Chinese consumers have prized foreign brands, thinking that products made by American or European companies indicated higher quality than domestic. Increasingly, that's no longer the case.

http://www.businessinsider.com/tesla-apple-market-share-china-2018-5

 

Education

NSW Government reviews Confucius Classrooms program amid 'propaganda' concerns

ABC Online, 8 May 2018

The New South Wales Government is reviewing a controversial Chinese Government-sponsored program to teach Mandarin in schools, amid claims it could expose children to propaganda.

http://www.abc.net.au/news/2018-05-08/nsw-government-reviews-confucius-classrooms-program/9739396

 

China Domestic

China's box office, for the first time, tops North America

China Daily, 10 May 2018

For the first time ever, China's quarterly box office performance outshone its North American counterpart, topping the global film market.

http://www.chinadaily.com.cn/a/201805/10/WS5af3e6e5a3105cdcf651d255.html

 

The Popular TV Shows Taking Chinese Soft Power Abroad

Sixtone, 9 May 2018

Overseas episodes of much-loved programs are increasingly aligning with the national government’s development goals.

http://www.sixthtone.com/news/1002235/the-popular-tv-shows-taking-chinese-soft-power-abroad