The Wild Wild East 08 August

Property

Sydney housing stress highest on record, as rental pressure hits

ABC Online, 31 July 2018

Whether you have a mortgage, are renting, or are trying to get into the property market, Sydneysiders are Australia's most stressed about housing, a new report shows.

http://www.abc.net.au/news/2018-07-31/sydney-housing-pressure-hits-record-as-rents-skyrocket/10055064

 

Foreign buyers retreat from housing market

The Australian, 03 August 2018

Foreign investment into Australian residential property is dropping due to a range of factors ranging from increased foreign buyer fees and ...

https://www.theaustralian.com.au/business/wealth/foreign-buyers-retreat-from-housing-market/news-story/8d1b44c120790d6fa47f6610e866ee43

 

Meet the property high flier showing potential buyers Melbourne from a chopper

Domain, 03 August 2018

If you are ever wandering around Melbourne’s salubrious suburbs and hear a chopper buzzing overhead, look up and wave, it’s probably Jamie Mi. The high-flying, Beijing-born real estate agent takes her potential Asian buyers into the skies to absorb the views. When she’s not selling landmark property, Mi, a former journalist, can be found creating abstract art works  and snuggling up beside Bear, her trusty Staffordshire terrier.

https://www.domain.com.au/news/meet-the-property-high-flier-showing-potential-buyers-melbourne-from-a-chopper-20180803-h12r0l-756397/

 

Currency & Financial

IJF STRIKES DEAL WITH CHINESE FURNITURE GIANT

Adelaide Now, 29 July 2018

ADELAIDE-based commercial joinery company IJF Australia has attracted a multimillion dollar investment from one of China's biggest furniture ...

https://www.adelaidenow.com.au/business/sa-business-journal/ijf-australia-has-attracted-investment-from-chinas-zbom-cabinets/news-story/5225e216120b6cb3cdc6e244501416bb

 

WHY A FALLING YUAN RAISES ECONOMIC JITTERS IN AUSTRALIA

South China Morning Post, 05 August 2018

The weaker the yuan, the less Chinese have to spend – and that spells trouble everywhere from Australia’s property and tourism markets to its exports of iron ore and coal

https://www.scmp.com/week-asia/geopolitics/article/2158248/why-falling-yuan-raises-economic-jitters-australia

 

$A wins respite as China defends the yuan

ABC Online, 05 August 2018

The Australian dollar had a firmer tone on Monday as Chinese efforts to steady its yuan helped stem speculative selling, at least for now.

https://www.news.com.au/finance/business/breaking-news/a-wins-respite-as-china-defends-the-yuan/news-story/ea2d8a99d9127f0ee289224e337225e1

 

 

Agriculture

Manuka creating some China buzz

The Australian, 30 July 2018

The upcoming Manuka Honey sale by Pacific Equity Partner is looming as a critical test of overseas interest, especially from Chinese investors ...

https://www.theaustralian.com.au/business/dataroom/manuka-creating-some-china-buzz/news-story/e8cb3b616eb7f252906d58bf8b7d8612

 

Aussie beef prices rise as China loses appetite for US meat

Nikkei Asian Review, 02 August 2018

TOKYO -- Wholesale prices for Australian beef have surpassed those for U.S. imports here, a side effect of the Washington-Beijing trade war that has steered Chinese consumers toward products from Down Under. 

https://asia.nikkei.com/Economy/Trade-War/Aussie-beef-prices-rise-as-China-loses-appetite-for-US-meat

 

 

Resources

Australian trade surplus swells as China sucks up resources

Reuters, 02 August 2018

SYDNEY (Reuters) - Australia’s trade surplus blew past expectations in June as exports to China boomed to their second highest on record, a sign the commodity-leveraged country was weathering the early stages of Sino-U.S. tariff hostilities.

https://www.reuters.com/article/us-australia-economy-tradefigures/australian-trade-surplus-swells-as-china-sucks-up-resources-idUSKBN1KN0CS

 

 

Retail & Tourism
The incredible rise of Pinduoduo, China’s newest force in e-commerce

Tech Crunch, 27 July 2018

From Alibaba to JD, China is not short of e-commerce powerhouses. Although the country’s e-commerce market is highly consolidated, it’s not impossible for startup teams to crack this market as long as they are solving the right problems for the right group of customers.

https://techcrunch.com/2018/07/26/the-incredible-rise-of-pinduoduo/

 

Missed Connections: Why Chinese Tourists Feel Left Out Overseas

Sixth Tone, 30 July 2018

The Chinese National Team might not have qualified for the 2018 FIFA World Cup, but that doesn’t mean the country lacked for representation in Russia this June. According to early estimates 100,000 Chinese fans descended on the host nation to watch the world’s best soccer teams duke it out, and were the second-biggest buyers of official World Cup hospitality services — including premium stadium seating, catering, and ground transportation — after only Russian fans themselves.

http://www.sixthtone.com/news/1002702/missed-connections-why-chinese-tourists-feel-left-out-overseas

 

Westwin Publishes First Report on Chinese Cross-border Consumption -- Presenting New Global Picture of Chinese Consumers

PR Newswire, 31 July 2018

SHANGHAI, July 31, 2018 /PRNewswire/ -- Chinese consumers are displaying a growing preference for global brands: overseas spending by Chinese consumers reached almost US$200 billion (US$199.52) in 2017, according to a study published by Westwin, a leading marketing and consulting firm that focuses on cross-border business. The report, co-produced with a leading independent third-party research firm, gives a unique and interesting insight across three categories of Chinese consumer, highlighting the changing nature of the Chinese society, economy and ever-expanding cross-border trade.

https://www.prnewswire.com/news-releases/westwin-publishes-first-report-on-chinese-cross-border-consumption----presenting-new-global-picture-of-chinese-consumers-300688966.html

 

 

Education

What foreign investors are learning from China’s education sector

The Investor, 01 August 2018

Schools in China offering Western-style education are becoming a must-have for parents looking to give their children a leg-up in a global world.

https://www.theinvestor.jll/news/china/alternatives/what-foreign-investors-are-learning-from-chinas-education-sector/

 

Rethinking the place of the Chinese student at Australian universities

AFR, 05 August 2018

The growth in Chinese student enrolments in Australian institutions of higher education offers a once-in-a-lifetime opportunity to build strategic ties in the region. But recent debate suggests that political and business leaders don't necessarily appreciate the nature of the economic opportunity.

https://www.afr.com/news/policy/education/rethinking-the-place-of-the-chinese-student-at-australian-universities-20180801-h13exb

 

 

China Domestic

China Box Office: 'Hello Mr. Billionaire' Wins Second Weekend With $66 Million

Hollywood Reporter, 06 August 2018

Despite a controversy surrounding its leading lady and suggestions of a boycott, the comedy, loosely based on 'Brewster's Millions' kept up its dominance at the box office.

https://www.hollywoodreporter.com/news/china-box-office-hello-mr-billionaire-wins-second-weekend-66-million-1132280