The Wild Wild East 06 June

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

 

CBA reveals latest crackdown to stop property buyers from borrowing too much

AFR, 26 May 2018

Commonwealth Bank home loan applicants will from this weekend have to reveal their total borrowings on everything from school fees to car loans and credit cards in response to regulatory …

http://www.afr.com/business/banking-and-finance/cba-reveals-latest-crackdown-to-stop-property-buyers-from-borrowing-too-much-20180524-h10iwu

 

Developer offering 'Afterpay' style financing for real estate with 'preposit' plan

AFR, 28 May 2018

People struggling to buy property are being offered a 'preposit' that enables them to rent while saving for a deposit, as finance companies apply 'Afterpay' sales methods to real estate.

https://www.afr.com/real-estate/developer-offering-afterpay-style-financing-for-real-estate-with-preposit-plan-20180527-h10m0z

 

Chinese foreign buyer boom over: UBS

AFR, 29 May 2018

The large numbers of residential foreign buyers from the boom of 2012-17 are unlikely to be repeated, a UBS report says.

https://www.afr.com/real-estate/chinese-foreign-buyer-boom-over-ubs-20180529-h10o07

 

Why it's unlikely foreign demand for Australian housing has suddenly collapsed

Business Insider, 30 May 2018

The value of approvals for foreign investment in Australia’s housing market tumbled last financial year, according to Australia’s Foreign Investment Review Board (FIRB).

https://www.businessinsider.com.au/australia-housing-market-foreign-buyer-approvals-firb-2018-5

 

 

Currency & Financial

Australia rises to 19th in IMD World Competitiveness Yearbook

AFR, 24 May 2018

Strong investment, population growth, exchange rate stability and an improving budget outlook are among drivers of a rise in Australia's global competitiveness, which continues to hampered by high energy costs, inefficient taxes and shoddy city planning.

http://www.afr.com/news/economy/australia-rises-to-19th-in-imd-world-competitiveness-yearbook-20180523-h10fwp

 

How Australian businesses can win over Chinese associates

AFR, 28 May 2018

Australia has been busy debating race, in particular the Asian races, what with Clive Hamilton writing a book about China’s influence on Australia and fake claims about spies and international espionage circling our great nation.

https://www.afr.com/brand/boss/how-australian-businesses-can-win-over-chinese-associates-20180508-h0zrvr

 

Chinese companies care about profits not politics, says Zhejiang official

AFR, 28 May 2018

At a gathering of Chinese and Australian business people in Sydney, there was a concerted effort to cast the current political tensions as a temporary blip in the relationship rather than any serious damage.

https://www.afr.com/news/policy/foreign-investment/chinese-companies-care-about-profits-not-politics-says-zhejiang-official-20180528-h10n9e

 

Australia's spat with China just a 'misunderstanding', says Chinese business delegation

ABC Online, 30 May 2018

Several diplomatic dramas over the past few weeks have sent relations with China into the deep freeze.

http://www.abc.net.au/news/2018-05-30/australia-china-spat-misunderstanding-business-delegation/9815820

 

 

Agriculture

Australian exporters still need to work harder at understanding Chinese business, expert says

ABC Online, 24 May 2018

A fiery editorial in a Chinese state-owned paper will not hurt the roughly $11.5 billion worth of Australian exports, but experts say it highlights some issues with the trade.

http://www.abc.net.au/news/rural/2018-05-25/farmers-on-china-australia-trade-tension/9794680

 

Feral donkeys eyed for dinner plates and Chinese medicine

ABC Online, 26 May 2018

At Packsaddle north of Broken Hill, Joe Baty and his family are chasing feral donkeys onmotorbikes.

http://www.abc.net.au/news/2018-05-26/feral-donkeys-in-australia-eyed-for-dinner-plates/9790856

 

1,280 breeding goats fly from Australia to China

Xinhua Net, 30 May 2018

CHANGCHUN, May 30 (Xinhua) -- A total of 1,280 Saanen breeding goats from Australia have landed in Changchun, capital of northeast China's Jilin Province, Wednesday.

http://www.xinhuanet.com/english/2018-05/30/c_137217800.htm

 

 

Resources

Lone Star bets on China in $401 million bid for Australia's Sino Gas & Energy

Reuters, 31 May 2018

(Reuters) - Australia’s Sino Gas & Energy Holdings Ltd (SEH.AX) agreed on Wednesday to a A$530 million ($401 million) takeover offer from U.S. private equity firm Lone Star, saying the risks the company faces in China justified putting the bid to a vote.

https://www.reuters.com/article/us-sino-gas-m-a-lone-star/lone-star-bets-on-china-in-401-million-bid-for-australias-sino-gas-energy-idUSKCN1IV2XZ

 

 

Retail & Tourism

WeChat Impact Report 2018 shows impressive social impact

Walk The Chat, 14 May 2018

The WeChat Impact Report 2018 is out!

https://walkthechat.com/wechat-impact-report-2018-shows-impressive-social-impact/

 

Australia's postal service opened a store whose only customers are personal shoppers for Chinese buyers

Business Insider, 23 May 2018

Australia Post opened a concept store that sells health and beauty products that customers ship to China.

http://www.businessinsider.com/australia-post-store-for-daigou-who-ship-products-to-china-2018-5

 

China Plans Tariff Cut on Wide Range of Consumer Goods

Bloomberg, 24 May 2018

China is planning to reduce import duties on consumer goods ranging from food to cosmetics, people familiar with the matter said.

https://www.bloomberg.com/news/articles/2018-05-24/china-is-said-to-plan-tariff-cut-on-wide-range-of-consumer-goods?utm_source=news_chinaskinny_com&utm_medium=email&utm_content=The+Weekly+China+Skinny&utm_campaign=20180529_m145591153_20180530+-+1&utm_term=China+Plans+Tariff+Cut+on+Wide+Range+of+Consumer+Goods

 

 

Education

University warns research deals with China and others are at risk

The Guardian, 29 May 2018

Changes to laws governing collaboration between Australian and overseas research organisations could damage the increasingly lucrative trade in research partnerships, the University of NSW has warned.

https://www.theguardian.com/australia-news/2018/may/30/university-warns-research-deals-with-china-and-others-are-at-risk

 

HOW NEW STUDENT ACCOMMODATION IS ACTIVATING NEGLECTED PARTS OF AUSTRALIAN CITIES

Commercial Real Estate, 30 May 2018

Australia’s $20-billion international education industry is changing the face of cities as student accommodation increasingly shifts from closed college campuses out into the mainstream community.

https://www.commercialrealestate.com.au/news/how-new-student-accommodation-is-activating-neglected-parts-of-australian-cities/

 

 

China Domestic

China Considers Ending Birth Limits as Soon as This Year

Bloomberg, 21 May 2018

China is planning to scrap all limits on the number of children a family can have, according to people familiar with the matter, in what would be a historic end to a policy that spurred countless human-rights abuses and left the world’s second-largest economy short of workers.

https://www.bloomberg.com/news/articles/2018-05-21/china-said-to-consider-ending-birth-limits-as-soon-as-this-year?utm_source=news_chinaskinny_com&utm_medium=email&utm_content=The+Weekly+China+Skinny&utm_campaign=20180529_m145591153_20180530+-+1&utm_term=China+Considers+Ending+Birth+Limits+as+Soon+as+This+Year

 

Fan Bingbing’s Leaked Contract Breaks the Chinese Internet

Sixth Tone, 30 May 2018

The issue of dizzyingly high celebrity pay tends to rile up the Chinese public whenever it comes to light — so when outspoken TV presenter and producer Cui Yongyuan alleged this week that A-list actress Fan Bingbing had been paid millions of dollars for just four days of acting work, a storm of mudslinging followed, with fans from both sides rushing to the defense of their idols.

http://www.sixthtone.com/news/1002383/Fan%20Bingbing’s%20Leaked%20Contract%20Breaks%20the%20Chinese%20Internet/