The Wild Wild East 25 July

Property

Another hindrance’ for already-weak market: Westpac stops SMSF home lending

Domain, 16 July 2018

Westpac has sent another shiver through an already-anxious Australian property market by announcing it will no longer lend to self-managed super funds wanting to invest in residential property.

https://www.domain.com.au/money-markets/westpac-stops-smsf-home-lending-another-hindrance-for-alreadyweak-market-20180716-h12qmr-752549/

 

AUSTRALIA BIDS TO BE TOP DESTINATION FOR CHINESE PROPERTY INVESTORS

JLL The Investor, 17 July 2018

Australia is closing in on the United States to become the primary destination for Chinese offshore capital as domestic regulation forces Chinese investors diversify their strategies.

https://www.theinvestor.jll/news/australia/others/australia-bids-to-be-top-for-chinese-investment/

 

Developers look to non-bank lenders

SMH, 21 July 2018

More development projects and property investments are being financed by non-bank lending as banks crimp their loan books in the face of regulatory pressures.

https://www.smh.com.au/business/companies/developers-look-to-non-bank-lenders-20180719-p4zshq.html

 

 

Currency & Financial

Australia, NZ dollars dip on China slowdown worries

Reuters, 16 July 2018

SYDNEY, July 16 (Reuters) - The Australian and New Zealand dollars eased slightly on Monday on news China had posted weaker-than-expected industrial production for June, raising fears of a slowdown there.

https://www.reuters.com/article/australia-forex/australia-nz-dollars-dip-on-china-slowdown-worries-idUSL4N1UC1MK

 

Reserve Bank focuses on household debt risks

ABC Online, 17 July 2018

High levels of household debt fuelled by record low interest rates and easy access to finance are particularly prominent in Australia's real estate market, the Reserve Bank has warned.

http://www.abc.net.au/news/2018-07-17/reserve-bank-focuses-on-household-debt-risks/10003436

 

ANBANG SAID LOOKING TO SELL $10B IN OVERSEAS PROPERTIES AND MORE ASIA REAL ESTATE HEADLINES

Mingtiandi, 22 July 2018

With HNA’s clearance sale still in full force, another of China’s high profile cross-border players is getting ready for its $10 billion end of season promotion. The mainland’s biggest developer also continues to grab 

https://www.mingtiandi.com/real-estate/crelist/anbang-said-looking-to-sell-10b-in-oversea-properties/

 

 

Agriculture

Alpacas from Australia help China’s poverty alleviation

Global Times, 15 July 2018

A unique effort at poverty alleviation is underway in China's Shanxi and Gansu provinces as companies are importing alpacas from Australia to help local farmers dramatically increase their income.

http://www.globaltimes.cn/content/1110938.shtml

 

PepsiCo and Select Harvests target China with Lucky brand nut deal

Just Food, 19 July 2018

PepsiCo has signed a deal with Select Harvests to distribute the Australian firm's Lucky brand nuts, seeds and blends in China.

https://www.just-food.com/news/pepsico-and-select-harvests-target-china-with-lucky-brand-nut-deal_id139687.aspx

 

 

Resources

Coal still king as export sales soar for Yancoal

The Australian, 22 July 2018

Chinese-backed Hunter Valley coalminer Yancoal Australia says export sales of thermal coal have soared as it takes on additional production from its recently ...

https://www.theaustralian.com.au/subscribe/news/1/index.html?sourceCode=TAWEB_WRE170_a_GGL&mode=premium&dest=https://www.theaustralian.com.au/business/mining-energy/coal-still-king-as-export-sales-soar-for-yancoal/news-story/def249222a769426d6fabc72d53b7b27&memtype=anonymous

 

 

Retail & Tourism

Chinese visitors boost tourism spending

Daily Mail, 18 July 2018

Cashed-up Chinese visitors to Australia have helped boost spending by international tourists by six per cent to a record $42.3 billion.

http://www.dailymail.co.uk/wires/aap/article-5966789/Chinese-visitors-boost-tourism-spending.html

 

AuMake’s Burwood Daigou Hub leads

Inside Retail, 18 July 2018

Daigou company AuMake has released its June quarterly report today showing the company’s overall sales and gross profit have continued to lift, despite a seasonal decline with less Chinese tourists visiting Australia over the winter period.

https://www.insideretail.com.au/news/aumakes-burwood-daigou-hub-leads-201807

 

Douyin to give tech giants a run for their money

Ecns.cn, 19 July 2018

Upstart short-video app Douyin is going viral.

http://www.ecns.cn/business/2018-07-19/detail-ifywhfmh2713286.shtml

 

 

Education

Aussie company and uni aiming to improve baby formula to sell more to China

Kidspot, 18 July 2018

This comes as tins of formula are still being stripped off the shelves at a rate of knots on our local shores to keep up with the increasing Chinese demand.

https://www.kidspot.com.au/news/aussie-company-and-uni-aiming-to-improve-baby-formula-to-sell-more-to-china/news-story/274b636a47146d830c5a216e633d8b98

 

 

China Domestic

Croatia in Chinese Eyes: War, Goats, and a Bikini-Clad President

Sixth Tone, 20 July 2018

Before the FIFA World Cup, most people in China only knew Croatia as the country where “Game of Thrones” is filmed. But when the Croatian team made the final, they won the hearts of many for their passion and persistence despite eventually losing to France.

http://www.sixthtone.com/news/1002651/croatia-in-chinese-eyes-war%2C-goats%2C-and-a-bikini-clad-president