The Wild Wild East 18 July

Property

Chinese Property Buys in Australia Plummet on Capital Controls

Bloomberg, 9 July 2018

Chinese investment in Australia’s commercial property has plummeted to the lowest level in six years as mainland capital controls bite.

https://www.bloomberg.com/news/articles/2018-07-09/chinese-property-buys-in-australia-plummet-on-capital-controls

 

Australian Tightening of Property Loan Standards Mostly Over

Bloomberg, 11 July 2018

A three-year project to improve Australian mortgage lending standards is almost complete, the results of a stress test are reassuring, and loan rules won’t be tightened much more, the banking regulator said Wednesday.

https://www.bloomberg.com/news/articles/2018-07-11/australia-property-loan-tightening-mostly-done-regulator-says

 

We've done nothing wrong, Country Garden Australia boss says over Maguire tape

AFR, 15 July 2018

The NSW Premier Gladys Berejiklian has added to the pressure on NSW Liberal MP DarylMaguire to resign, as the Australian head of a Chinese property developer who was named as his client   says the company has "zero tolerance" for illegal behaviour.

https://www.afr.com/real-estate/weve-done-nothing-wrong-country-garden-australia-boss-says-over-maguire-tape-20180715-h12pqo

 

 

Currency & Financial

Copper and Aussie dollar highlight China’s slowing economy

Financial Times, 09 July 2018

Copper and the Aussie dollar have been leading indicators of rising concerns about China’s slowing economy and mounting trade tension over the past month.

https://www.ft.com/content/b5111d0c-8127-11e8-bc55-50daf11b720d

 

Trump imposes further $US200 billion tariffs on China, Australian dollar falls

ABC Online, 11 July 2018

The US Trade Representative's office has released a long list of Chinese goods which will be affected.

http://www.abc.net.au/news/2018-07-11/s&p500-wall-street-5-month-high-pepsi-oil-prices/9978574

 

HSBC closes financial advice division in Australia

International Investment, 13 July 2018

HSBC is silently exiting the financial advice sector in Australia after a strategic review in a move which follows three other banks currently in the process of disposing financial planning units in the country.

http://www.internationalinvestment.net/regions/australia/hsbc-closes-financial-advice-division-in-australia/

 

 

Agriculture

A Chinese company is raising money in Australia to develop ‘vegetable meat’

Stockhead, 10 July 2018

A Chinese company is trying to rally Australian investor appetite for Mongolian sheep and “vegetable meat”.

https://stockhead.com.au/health/a-chinese-company-is-raising-money-in-australia-to-develop-vegetable-meat/

 

Australia’s barley shipments to China at 544,143t, up 12pc over May

By Liz Wells, 10 July 2018

Australia shipped 544,143 tonnes of barley to China in May, up from 484,302t in April, according to the latest export data from the Australian Bureau of Statistics (ABS), which puts May exports to all destinations at 746,186t, behind only March at 1 million tonnes in the 2017-18 shipping year.

https://www.graincentral.com/markets/export/australias-barley-shipments-to-china-at-544143t-up-12pc-over-may/

 

 

Resources

Matt Canavan says Nationals are not 'mandating' new investment in coal

The Guardian, 14 July 2018

The resources minister, Matt Canavan, says Nationals are not in the business of “mandating that coal should be definitely invested in”, but are pushing to ensure it is not left out as part of the transition to the national energy guarantee.

https://www.theguardian.com/australia-news/2018/jul/15/matt-canavan-says-nationals-are-not-mandating-new-investment-in-coal

 

 

Retail & Tourism

CHINA TO TAKE OVER AS LARGEST SOURCE OF TOURISTS

Townsville Bulletin, 09 July 2018

TRADE with China will be a focus of James Cook University’s Asian Market Forum, to be held at the university’s Douglas campus Education Central lecture theatre on Friday.

http://www.townsvillebulletin.com.au/remote/check_cookie.html?url=https%3a%2f%2fwww.townsvillebulletin.com.au%2fnews%2ftownsville%2fchina-to-take-over-as-australias-largest-source-of-tourists%2fnews-story%2f3b7591e490c4422b5d325e7a8daf5790

 

China is winning the digital race

The Australian, 10 July 2018

Since 2015, China has been leading in global e-commerce, setting the benchmark for present and future global retailing. This trend shows no signs of slowing. China is expected to be the first global market to hit 631 million online buyers by 2022.

https://www.theaustralian.com.au/business/technology/china-is-winning-the-digital-race/news-story/94a9cc0b318f985cbd09a0059e97f1bf

 

Fifa World Cup: China viewing figures skyrocket as Tencent piggybacks on TV ratings wave

South China Morning Post, 14 July 2018

Russia 2018 has captured the imagination of football fans in China in a manner that perhaps no World Cup has managed before, with Tencent cashing in

https://www.scmp.com/sport/soccer/article/2155256/fifa-world-cup-china-viewing-figures-skyrocket-tencent-piggyback-tv

 

 

Education

Foreign students barred from Australian MP internships over spying fears

The Telegraph, 12 July 2018

Australia has barred foreign university students from interning in MPs’ offices following concerns about alleged Chinese espionage and interference in domestic affairs.

https://www.telegraph.co.uk/news/2018/07/12/foreign-students-barred-australian-mp-internships-spying-fears/

 

 

China Domestic

What Chinese Soccer Fans Are Laughing About

Six Tone, 14 July 2018

Off the field, the FIFA World Cup has inspired endless memes and mirth.

http://www.sixthtone.com/news/1002615/what-chinese-soccer-fans-are-laughing-about