The Wild Wild East 11 July

Property

The high end of the market is leading Australia's property downturn

Business Insider, 2 July 2018

Australia’s median home price fell for a ninth consecutive month in June, led once again by declines in Sydney and Melbourne.

https://www.businessinsider.com.au/australia-property-house-prices-apra-funding-pressures-corelogic-june-2018-7

 

Knight Frank Prime Residential Review shows strong growth in Australia’s top end despite a softening market

Domain, 05 July 2018

The average home owner may be concerned about how the local market is faring but according to a new report, certain sections of Australian property are maintaining their momentum.

https://www.domain.com.au/news/knight-frank-prime-residential-review-shows-strong-growth-in-australias-top-end-despite-a-softening-market-20180705-h1284t-751043/

 

Australian first: NSW government to donate land in Redfern for build-to-rent program

Domain, 06 July 2018

The NSW government will donate about one hectare of prime land in the heart of Sydney to developers to create affordable build-to-rent housing, in an Australian first.

https://www.domain.com.au/news/nsw-government-to-donate-one-hectare-of-land-in-redfern-to-developers-for-first-buildtorent-program-in-australia-20180706-h12c0x-751259/

 

Housing Investment Positive Despite Faltering Sydney Market: RBA

The Urban Developer, 07 July 2018

Dwelling investment is likely to remain at a high level, but much as market commentators have forewarned, New South Wales and Victoria aren’t expected to contribute significantly to growth in the next few years.

https://theurbandeveloper.com/articles/the-housing-market-outlook-rba

 

 

Currency & Financial

Chinese Crypto Trading Platform Huobi Launches in Australia

China Money Network, 06 July 2018

An announcement by Huobi, Chinese crypto currency exchange, said it has started trading cryptocurrency in Australia from July 5. 

https://www.chinamoneynetwork.com/2018/07/06/chinese-crypto-trading-platform-huobi-launches-australia

 

Australian fund loads up on Chinese shares

Business Times, 07 July 2018

A BEAR market, the yuan's worst month since 1994, and a looming US-China trade war all suggest one thing to John Pearce. Buy Chinese equities.

https://www.businesstimes.com.sg/companies-markets/australian-fund-loads-up-on-chinese-shares

 

Millionaire migrants pouring into Australia

SMH, 07 July 2018

The number of millionaires streaming into Australia has surged to 7260 in the past year, new figures show, delivering a multibillion-dollar investment boost as Australia becomes the destination of choice for thousands of the world's wealthiest individuals.

https://www.smh.com.au/politics/federal/millionaire-migrants-pouring-into-australia-20180706-p4zpzm.html

 

 

Agriculture

China’s imported wine market is thriving: and it’s Australian wines that are driving growth

By Rachel Arthur,05 July 2018

The volume of imported still wine consumed in China continues to grow at a double-digit rate: now accounting for almost 40% of still wine sold in the country. And while the biggest volume of imported wine still comes from France, it’s Australian wines that are driving growth, says Wine Intelligence. 

HTTPS://WWW.BEVERAGEDAILY.COM/ARTICLE/2018/07/05/CHINA-S-IMPORTED-WINE-MARKET-IS-THRIVING-AND-IT-S-AUSTRALIAN-WINES-THAT-ARE-DRIVING-GROWTH

 

Australia celebrates over 50 years of wool trade to China

North Queensland Register, 05 July 2018

Today, Australia exports 271 million kilograms of the natural, renewable and biodegradable fibre to China, a sharp rise from pre-1980 when this figure stood at less than 10 million kilograms. 

https://www.northqueenslandregister.com.au/story/5507528/australia-celebrates-over-50-years-of-wool-trade-to-china/

 

Cheese tastes taken to China

Farm Weekly, 08 July 2018

LOCAL cheese manufacturers will have the chance to showcase their products directly to the rapidly expanding Chinese dairy industry thanks to a joint initiative between Monash University and Soochow University in China.

http://www.farmweekly.com.au/news/agriculture/general/news/cheese-tastes-taken-to-china/2757480.aspx

 

 

Resources

Australia's high electricity prices the 'new normal', report says

The Guardian, 01 July 2018

Grattan Institute says problem can be fixed with bipartisan energy and climate change policy that encourages new investment

https://www.theguardian.com/australia-news/2018/jul/01/australias-high-electricity-prices-the-new-normal-report-says

 

'Bulls in a paddock': China-US struggle damaging to Australia, Andrew Robb warns

The Guardian, 02 July 2018

Former trade minister urges Australia to exercise regional influence independent of the two superpowers

https://www.theguardian.com/world/2018/jul/02/bulls-in-a-paddock-china-us-struggle-damaging-to-australia-andrew-robb-warns

 

 

Retail & Tourism

The Appeal of Adventure is Growing for Chinese Tourists

Jing Travel, 03 July 2018

The outbound Chinese market is maturing and increasingly looking to adventure as the means to more deeply experience the world and its many cultural and natural wonders. A May 2018 poll from J. Walter Thompson Intelligence found that 30 percent of Chinese travelers had already taken a trip focused on thrill-seeking or adrenaline-pumping activities, while 45 percent are interested in planning one.

https://jingtravel.com/the-appeal-of-adventure-is-growing-for-chinese-tourists/

 

Penfolds launches Australian-Chinese shiraz-spirit blend

The Advertiser, 03 July 2018

THE company that put South Australia on the world map via our most famous red wine, is set to make another great leap forward with a range of very surprising beverages.

https://www.adelaidenow.com.au/thesourcesa/penfolds-launches-australianchinese-shirazspirit-blend/news-story/f8f7e617fb30a7030e45fc40abb473ee

 

Virgin Australia says it is important to respect China sensitivities

AFR, 03 July 2018

Virgin Australia chief executive John Borghetti says it is important for Australia to respect China's "sensitivities" when managing its relationship with the country's largest trading partner as he outlined plans to further expand the airline's international routes in Asia.

https://www.afr.com/business/transport/aviation/virgin-australia-says-it-is-important-to-respect-china-sensitivities-20180703-h126p6

 

China's debt-laden HNA quits $200 million Australian logistics deal

Reuters, 02 July 2018

SYDNEY (Reuters) - China’s debt-saddled HNA Group Co Ltd canceled its A$280 million ($207 million) purchase of an Australian logistics business on Monday, with the seller citing cashflow problems at the conglomerate among reasons for the deal’s collapse.

https://www.reuters.com/article/us-automotive-hldgs-divestiture-hna/chinas-debt-laden-hna-quits-200-million-australian-logistics-deal-idUSKBN1JS09X

 

China Skinny's Mark Tanner: More to China than major cities

The Australian, 06 July 2018

Australian companies selling into China should look at second and third-tier cities as the big centres like Shanghai and Beijing become ...

https://www.theaustralian.com.au/business/markets/more-to-china-than-major-cities/news-story/f7a0e0c44974bd7d28577bc27618dfd0

 

 

Education

China axes 45 Australian university partnerships as part of global cull

AFR, 06 July 2018

China is axing 45 Australian university partnerships as part of a global cull of its tertiary alliances, which it says is aimed at weeding out under-resourced programs that failed to attract enough students to make them financially viable.

https://www.afr.com/news/world/asia/china-axes-45-australian-university-partnerships-as-part-of-global-cull-20180706-h12ccw

 

 

China Domestic

‘Dying To Survive’: China’s Black Comedy & Social Drama Thrives At Local Box Office

Deadline, 07 July 2018

Dying To Survive, a Chinese black comedy with social drama overtones that we’ve been talking about for the past few weeks as a potential breakout during the July blackout on Hollywood movies, is showing serious signs of life in the Middle Kingdom. What’s more, it’s not the sort of film we’ve seen before during this period, and has spurred debate on serious issues.

https://deadline.com/2018/07/dying-to-survive-china-box-office-social-impact-1202422199/