The Wild Wild East 13 June 2018

Property

Sydney, Melbourne property prices to fall for another 18 months, says CBA

SMH, 23 May 2018

In the space of just 12 months, Australia’s housing market has been turned on its head.

https://www.smh.com.au/business/the-economy/sydney-melbourne-property-prices-to-fall-for-another-18-months-says-cba-20180523-p4zgxr.html

 

Falling house prices just the start of $47 billion foreign buyer bust, experts say

Domain, 1 June 2018

The foreign buyer boom in Australia may be over, but the fallout from a $47 billion drop-off in property investment is just beginning.

https://www.domain.com.au/news/falling-house-prices-just-the-start-of-47-billion-foreign-buyer-bust-experts-say-20180601-h10sm7/

 

Black Diamondz founder Monika Tu makes every second count

In The Black, 1 June 2018

From property to education to networks, nothing beats local knowledge if you’re looking to make a go of it in Australia. Black Diamondz founder Monika Tu has built a business on smoothing the way for high-net-worth Chinese investors and immigrants.

https://www.intheblack.com/articles/2018/06/01/monika-tu-black-diamondz-founder

 

Aussie property: Feng shui the key to boosting value

My Business, 05 June 2018

Demographer and social commentator, Bernard Salt, has said that while Australian homes have been influenced by English, Greek and Italian lifestyles in the past, feng shui could well be the next element to boost a property’s value.

https://www.mybusiness.com.au/finance/4434-aussie-property-feng-shui-the-key-to-boosting-value-2

 

Rich Lister Harry Triguboff warns tighter bank lending hurting property market

AFR, 5 June 2018

Australia's second richest person, Harry Triguboff, has warned bank lending is tightening in response to the royal commission, hurting the property market at a vulnerable time as he hit out at focusing on borrower expenses when determining mortgage approvals.

https://www.afr.com/real-estate/residential/rich-lister-harry-triguboff-lashes-attack-on-the-banks-that-will-affect-us-all-20180604-h10ys6

 

Currency & Financial

Investors look to RBA, GDP for hike guidance

AFR, 3 June 2018

The release of first quarter GDP data and a meeting of the Reserve Bank of Australia will be keenly watched by investors eager for clarity on the trajectory of domestic interest rates after the ongoing strength of the US economy was underlined by a robust jobs report,

https://www.afr.com/markets/equity-markets/local-investors-await-raft-of-data-rba-statement-20180601-h10vmj

 

Will Australia die by the Chinese sword?

News.com.au, 06 June 2018

LIVE by the sword, die by the sword. That’s what they say. In Australia’s case, the sword we’ve lived by has been China. The world’s biggest country has grown rich by feeding on our steel and coal, and we have grown rich alongside it.

https://www.news.com.au/finance/economy/world-economy/will-australia-die-by-the-chinese-sword/news-story/cb1a9462931889f8160966b51cafda08

 

Australia’s economy is going strong, but the fate of its currency is in question

CNBC, 7 June 2018

The Australian economy has gone without a recession for 26 straight years and is still going strong, but the same can't be said about the performance of its currency.

https://www.cnbc.com/2018/06/07/australian-dollar-is-weak-even-as-economy-outperforms.html

 

Agriculture

Foreign investment in agriculture skyrockets with China leading way

The Weekly Times, 5 June 2018

FOREIGN investment in Australian agriculture has skyrocketed to $7 billion, with China the biggest single source.

https://www.weeklytimesnow.com.au/news/national/foreign-investment-in-agriculture-skyrockets-with-china-leading-way/news-story/5ca84eff40c0aaa5d8d480b942730978

 

Australian wine firms press Prime Minister Malcolm Turnbull to visit China after diplomatic row puts a stopper on exports

South China Morning Post, 06 June 2018

Australian winemakers on Wednesday urged Prime Minister Malcolm Turnbull to visit China to resolve diplomatic tensions blamed for trade obstacles that have raised concerns about the future of the nation’s wine export market.

http://www.scmp.com/news/asia/australasia/article/2149534/australian-wine-firms-press-prime-minister-malcolm-turnbull

 

Let’s not point the finger at China, says Trade Minister Ciobo

The Australian, 07 June 2018

Trade Minister Steven Ciobo has declared Australia should not run around “pointing fingers” at individual countries, in an attempt to smooth over tensions with China.

https://www.theaustralian.com.au/national-affairs/lets-not-point-the-finger-at-china-says-trade-minister-ciobo/news-story/6f0b4c485f1731e00e78ce733896eb7c

 

Resources

Rio Tinto inks exploration agreement with China's Minmetals

Reuters, 7 June 2018

(Reuters) - Global miner Rio Tinto inked a joint venture agreement with China Minmetals Corp on Thursday, as the companies look to explore mineral deposits in China.

https://www.reuters.com/article/us-rio-tinto-plc-jointventure-minmetals/rio-tinto-inks-exploration-agreement-with-chinas-minmetals-idUSKCN1J31DJ

 

FMG acquires 19.9% of Atlas, could block takeover

Australia China Business Review, 7 June 2018

China-focused iron ore miner Fortescue Metals Group has acquired 19.9 per cent of Atlas Iron, casting doubt on whether a $280 million takeover bid for Atlas by Mineral Resources will go ahead.

https://www.acbr.com.au/fmg-acquires-199-atlas-could-block-takeover

 

Retail & Tourism

Chinese consumers show strong demand for imported products: MOC

Xinhua Net, 28 May 2018

BEIJING, May 28 (Xinhua) -- Chinese consumers want imported products, a survey showed Monday.

http://www.xinhuanet.com/english/2018-05/28/c_137212542.htm

 

Chinese Group Wants to Turn Australian Prison Into a Luxury Resort

Jing Daily, 01 June 2018

Chinese investors are looking to Australia for new tourism opportunities. However, the latest high-profile Chinese investment in Australia is unique, to say the least. The Wufu Investment Group has reportedly paid US$3 million (AU$4 million) for a former prison on French Island in the state of Victoria. The group plans on turning the compound into a resort for Chinese tourists.

https://jingdaily.com/australian-prison-resort/

 

Vicinity to sell $1b in shopping centres

AFR, 4 June 2018

Vicinity Centres, the country's second largest retail landlord, has dramatically escalated its strategy to fortify its trophy assets, with a plan to sell off $1 billion in smaller malls in the next six months.

https://www.afr.com/real-estate/vicinity-to-sell-1bn-in-shopping-centres-20180603-h10wz7

 

Education

What we know about why Chinese students come to Australia to study

The Conversation, 31 May 2018

In 2016-17 Australia’s third largest export, international education, leapt from A$23.6 billion to a record high of A$28 billion. Within the higher education sector, the highest intake of international students is of Chinese origin.

https://theconversation.com/what-we-know-about-why-chinese-students-come-to-australia-to-study-97257

 

Chinese liquor maker Moutai establishes international scholarship program at UNSW

PR Newswire, 1 June 2018

SYDNEY, June 1, 2018 /PRNewswire/ -- On May 31, the University of New South Wales (UNSW), world-renowned for its prowess in the engineering field, accepted a US$450,000 donation from Chinese liquor maker Moutai Group at a special ceremony announcing the gift. The donation will become the first scholarship program established by Moutai outside of its home market of China.

https://www.prnewswire.com/news-releases/chinese-liquor-maker-moutai-establishes-international-scholarship-program-at-unsw-300658419.html

 

 

China Domestic

Chinese students sport Nike in turnout at 'gaokao' exam

Reuters, 7 June 2018

BEIJING (Reuters) - Lu Mengqi showed up for the first day of China’s annual college entrance exam, known as the “gaokao”, in a black Nike T-shirt featuring the brand’s trademark swoosh logo. In red.

https://www.reuters.com/article/us-china-exam-apparel/chinese-students-sport-nike-in-turnout-at-gaokao-exam-idUSKCN1J30NP

 

How The ‘Gaokao’ Rewards Students for Being Rich

Sixtone, 14 May 2018

Back in March, China’s Ministry of Education eliminated a number of preferential programs that allowed students to earn bonus points on the gaokao, China’s college entrance examination. Now, students are no longer eligible for extra marks based on standout performances in athletic, artistic, or scientific competitions. Bonus points for being granted the title of “provincial-level outstanding student” have also been abolished.

http://www.sixthtone.com/news/1002260/how-the-gaokao-rewards-students-for-being-rich