The Wild Wild East 15 August

Property

Chinese government developer YMCI selling only one apartment a month

AFR, 08 August 2018

Yunnan Metropolitan Construction Investment Group's much anticipated 3000-apartment project Ovation Quarter in Sydney Olympic Park has flopped, with the group closing one apartment sale a month.

https://www.afr.com/real-estate/ymcis-3500unit-ovation-quarter-in-sydney-olympic-park-struggles-with-sales-20180808-h13oo2

 

Australia's Crown sues to protect casino's Sydney Harbour views

Business Times, 10 August 2018

AUSTRALIAN casino giant Crown Resorts filed a lawsuit on Friday to protect its views of Sydney Harbour from a neighbouring development backed by two of the country's richest families and a Chinese billionaire.

https://www.businesstimes.com.sg/real-estate/australias-crown-sues-to-protect-casinos-sydney-harbour-views

 

Asian buyers snap up Woolworths at sold-out commercial property auction

AFR, 12 August 2018

Asian investors have snapped up two Woolworths supermarkets in Melbourne's eastern suburbs for more than $33 million on yields well below 5 per cent.

https://www.afr.com/real-estate/commercial/investment/asian-buyers-snap-up-woolworths-at-soldout-commercial-property-auction-20180810-h13tf2

 

 

Currency & Financial

Australia Holds Key Rate as Central Bank Sounds Caution on China

Bloomberg, 07 August 2018

Australia held its interest rate at a record low as the central bank delivered a more sobering take on the global economy.

https://www.bloomberg.com/news/articles/2018-08-07/australia-holds-key-rate-as-prospect-of-hikes-remains-distant

 

Australian dollar frets on China outlook as RBA meets

The Business Times, 07 August 2018

[SYDNEY] The Australian dollar treaded water on Tuesday as the country's central bank held a policy meeting against the background of rising Sino-US trade tensions and unease over global growth.

https://www.businesstimes.com.sg/banking-finance/australian-dollar-frets-on-china-outlook-as-rba-meets

 

Virgin's HNA offloads Radisson stake

The Australian, 12 August 2018

Virgin Australia's Chinese shareholder, HNA, has sold the Radisson Hotel Group as part of ... The US Committee on Foreign Investment in the United States, the ...

https://www.theaustralian.com.au/business/property/virgins-hna-offloads-radisson-stake/news-story/0d1a7e645583c5e44eb3ff5304fedbe5

 

 

Agriculture

Cracking down on fake steak with invisible, trackable beef barcodes

AFR, 10 August 2018

You can Shazam a song: what if you could Shazam your steak? Well, before too long, it will be possible to point your smartphone at a premium cut of Australian beef, fire up an app and …voila! Up comes the meat's entire back story including where it was raised, what it ate and when and where it was processed.

https://www.afr.com/lifestyle/food-and-wine/cracking-down-on-fake-steak-with-invisible-trackable-barcodes-20180810-h13t3n

 

Australia's Capilano Honey gets US$138m bid from consortium

The Business Times, 13 August 2018

[SYDNEY] Australia's Capilano Honey Ltd said on Monday a consortium of China-focused Wattle Hill RHC Fund and Roc Partners agreed to buy the company for A$189.8 million (S$189.6 million).

https://www.businesstimes.com.sg/consumer/australias-capilano-honey-gets-us138m-bid-from-consortium

 

China’s dairy demand: Huge growth and NPD being seen across all sectors

Lester Wan, 18 July 2018

The China dairy market has been growing rapidly across categories in the past two years, with the market buoyed by changing consumer tastes and extensive new product development.

HTTPS://WWW.FOODNAVIGATOR-ASIA.COM/ARTICLE/2018/07/09/CHINA-S-DAIRY-DEMAND-HUGE-GROWTH-AND-NPD-BEING-SEEN-ACROSS-ALL-SECTORS

 

 

Resources

PetroChina, Qatar holding advanced talks on LNG supply deals: sources

Reuters, 08 August 2018

BEIJING (Reuters) - PetroChina Ltd is in advanced discussions with Qatar to purchase liquefied natural gas (LNG) under short- and long-term agreements, three sources with knowledge of the talks said on Wednesday.

https://www.reuters.com/article/us-china-qatar-gas/petrochina-qatar-holding-advanced-talks-on-lng-supply-deals-sources-idUSKBN1KT112

 

 

Retail & Tourism

AuMake and Pure Nutrition to develop A1 & A2 milk powder formula for the daigou market

Small Caps, 07 August 2018

AuMake has signed a supply agreement with Pure Nutrition to develop an exclusive range of AuMake owned brands of A1 and A2 milk powder formula products, specifically tailored for the Chinese market.

https://smallcaps.com.au/aumake-pure-nutrition-a1-a2-milk-powder-formula-daigou-market/


Airbnb hits wall with China Great Wall promotion

Yahoo News, 09 August 2018

BEIJING (Reuters) - U.S. short-term rental service Airbnb Inc has hit a wall with its newest marketing scheme in China, after regulators objected to a promotion offering sleepovers on the Great Wall of China.

https://finance.yahoo.com/news/airbnb-hits-wall-china-great-wall-promotion-061706007--finance.html

 

Food Revolution Group looks to China’s daigou market for sales and product expansion

Small Caps, 13 August 2018

Food processing company The Food Revolution Group (ASX: FOD) will expand its existing product range and look to harness the commercial opportunity created by China’s growing consumer sales.

https://smallcaps.com.au/food-revolution-group-china-daigou-market-sales-product-expansion/

 

 

Education

AUSTRALIAN AND CHINESE UNIVERSITIES LAUNCH JOINT MASTERS DEGREE IN WINE

The Drinks Business, 10 August 2018

With China’s growing ambition to develop its domestic wine industry, the country’s leading university Shanghai Jiao Tong University, is looking to Australia, the second biggest source of its wine imports, for technical and viticultural guidance.

https://www.thedrinksbusiness.com/2018/08/australian-and-chinese-universities-launch-joint-masters-degree-in-wine/

 

 

China Domestic

It’s Complicated: Chinese Millennials and Marriage

Sixth Tone, 04 August 2018

Getting hitched isn’t what it used to be.

http://www.sixthtone.com/news/1002717/It’s%20Complicated:%20Chinese%20Millennials%20and%20Marriage/