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12 July 2019 (AFR) – Pressure on Xi as China’s economy continues to slow

(12 July 2019, AFR, p13, Michael Smith, China Correspondent) ‘Shanghai | China’s economic growth is expected to fall to a near 30-year low in the second quarter, as the full impact of Donald Trump’s trade tariffs kick in. This will add to pressure on president Xi Jinping to keep the world’s second-largest economy stable as … Continue reading

11 July 2019 (AFR) – China’s producer prices stall, stoking deflation worries

(11 July 2019, AFR, p12, Stella Qiu and Kevin Yao) ‘Beijing | China’s producer prices flatlined in June on lower oil prices and weak global demand, fuelling concerns that a slowdown in manufacturing from a bruising trade war will further drag on growth in the world’s second-biggest economy. The producer price index (PPI) showed no … Continue reading

3 July 2019 (AFR) – Iron ore surges past $US120 but softer China demand looms

(3 July 2019, AFR, p13, Luke Housego, Reporter) ‘The iron ore price hit a high of more than $US120 per tonne on Tuesday but fears of a weakening Chinese economy are driving expectations of a reversal later this year. The iron ore price rally has been triggered by supply constraints, beginning with production cuts in … Continue reading

22 June 2019 (AFR) – Cheaper money pushes investors into riskier positions

(22 June 2019, AFR, p22, William McInnes, Reporter) ‘Global sharemarkets were pushed to record highs this week as dovish central banks herded buyers into the equity markets, with expectations of cheaper money and additional stimulus pushing investors into riskier positions. Investor optimism was also buoyed by hopes a US-China trade war truce could be reached … Continue reading

20 June 2019 (TheAge) – US-China trade talks send ASX soaring

(20 June 2019, The Age, Business, p29, By Luke Housego) ‘Hopes of a de-escalation in the trade dispute between China and the US drove Australian shares higher on Wednesday, after both regimes agreed to hold talks on the side of the G20 meeting in Japan next week. The benchmark S&P/ASX 200 climbed 78.1 points, or … Continue reading

20 June 2019 (AFR) – Trump to hold ‘extended meeting’ with Xi at G20 next week

(20 June 2019, AFR, p11, Jacob Greber, United States Correspondent) ‘Washington | Donald Trump has revived hopes for a US-China trade deal, sending stocks soaring, after he and China’s president Xi Jinping agreed to hold “extended” talks in Japan at the end of the month. Mr Trump announced the meeting after “a very good telephone … Continue reading

14 June 2019 (AFR) – China’s iron ore retreats after three-day surge to record high

(14 June 2019, AFR, p31, Enrico Dela Cruz) ‘China’s iron ore futures declined on Thursday as market participants locked in some gains after the steelmaking feedstock’s three-day surge to record highs earlier this week. But expectations of tight supply and brisk demand were seen intact, limiting the downside.’ Read more at (might need AFR … Continue reading

13 June 2019 (AFR) – China posts worst-ever monthly decline in car sales

(13 June 2019, AFR, p13, Yilei Sun and Brenda Goh) ‘Beijing/Shanghai | China reported the worst-ever monthly sales drop in the world’s largest vehicle market on Wednesday, exacerbating concerns over the country’s economic slowdown and growing impact of an ongoing trade war with the United States. Sales tumbled 16.4 per cent in May from the … Continue reading

4 June 2019 (TheAge) – Trump’s ‘beautiful’ tariffs are going to cost US consumers

(4 June 2019, The Age, Business, p23, Stephen Bartholomeusz, Senior business columnist) ‘Global supply chains are extremely complex and sophisticated ecosystems, so it isn’t surprising that Donald Trump’s love of tariffs is having some quite complex effects. Until last week, with the trade war confined largely to China, there was an obvious response for those … Continue reading

18 April 2019 (AFR) – China’s growth rate stabilises after earlier wobbles

(18 April 2019, AFR, p14, Michael Smith) ‘Shanghai | China’s growth stabilised at 6.4 per cent in the first quarter, helped by improved factory output in March and stimulus from Beijing aimed at arresting a broad slowdown in the world’s second-biggest economy. The growth in gross domestic product (GDP) matched the fourth quarter of last … Continue reading

16 April 2019 (AFR) – The $US18b electric-car bubble at risk of bursting in China

(16 April 2019, AFR, p12, Tian Ying) ‘Beijing | An iPhone assembler, e-commerce emporium and real-estate developer typically don’t compete in the same business – except when it comes to electric vehicles in China. That’s because of a seismic shift toward EVs, which has spurred billions of dollars in investments by traditional carmakers, startups and … Continue reading

28 March 2019 (AFR) – China’s industrial profits tumble as economy slows

(28 March 2019, AFR, p13, Michael Smith) ‘Shanghai | Profit growth at China’s large industrial companies fell sharply in the first two months of the year, in the latest sign that the world’s second-largest economy is slowing as it edges closer to securing a trade deal with the United States. Industrial profits, a measure of earnings for … Continue reading

20 March 2019 (AFR) – China state investment giant drops coal

(20 March 2019, AFR, p13, Michael Smith) ‘Shanghai | One of China’s biggest state-owned investment companies has exited the coal industry three years earlier than originally planned, joining a growing list of sovereign wealth funds globally bowing to investor pressure over climate change. China’s powerful State Development & Investment Corp (SDIC), which has more than … Continue reading

15 March 2019 (AFR,Bloomberg) – China insiders are selling stakes after mammoth share rally

(15 March 2019, AFR, p28, Bloomberg) ‘Some Chinese executives and large shareholders are cashing out of their companies’ stocks after an explosive start to the year for the nation’s equity market, raising doubts over the sustainability of the rally. Among them was telecom equipment maker ZTE Corp, whose Shenzhen-listed shares had soared 59 per cent … Continue reading

15 March 2019 (AFR) – China’s factory output stalls but Xi Jinping avoids hard landing

(15 March 2019, AFR, p13, Michael Smith) ‘Shanghai | China’s industrial output has fallen to a decade low in the latest sign the world’s growth engine is spluttering. However,  Xi Jinping’s campaign to avoid a hard landing appears to be working as government infrastructure spending buoyed investment and retail sales growth remained steady. China’s unemployment … Continue reading

14 March 2019 (AFR) – China’s iron ore futures gain for 2nd day on steel demand recovery

(14 March 2019, AFR, p27, Enrico Dela Cruz) ‘Manila | Benchmark rebar and iron ore contracts in China rose on Wednesday, buoyed by increased demand for both steel and steelmaking raw materials as construction activities in the country start picking up. The most-active construction steel rebar contract, with May expiry, on the Shanghai Futures Exchange, … Continue reading

7 March 2019 (AFR) – A slowing China not losing its taste for Australian lobster – Lobster index says China still on the boil

(7 March 2019, AFR, p17, Brad Thompson) ‘If the lobster barometer is anything to go by, demand at the top end of the Chinese market remains on the boil despite downgrades in China’s growth forecasts. The biggest player in Australia’s most valuable wild-catch fishery continues to get top dollar for its live lobsters flown from … Continue reading

6 March 2019 (AFR) – China to slash taxes, boost lending to shore up slowing economy

(6 March 2019, AFR, p9, Kevin Yao and Min Zhang) ‘Beijing | China will cut billions of dollars in taxes and fees, increase infrastructure investment, and step up lending to small companies, Premier Li Keqiang said, as the government boosts stimulus to shore up an economy growing at its slowest pace in almost 30 years. … Continue reading

1 March 2019 (AFR) – China’s factory activity shrinks to three-year low

(1 March 2019, AFR, p14, Yawen Chen and Ryan Woo) ‘Beijing | Factory activity in China contracted to a three-year low in February as export orders fell at the fastest pace since the global financial crisis, highlighting deepening cracks in an economy facing weak demand at home and abroad. The gloomy findings are likely to … Continue reading

26 Feb 2019 (AFR) – Debt-clogged world close to tipping point of recession

(26 February 2019, AFR, p45, by Ambrose Evans-Pritchard) ‘The risk of global recession has suddenly jumped several notches, as the accumulated damage from Donald Trump’s trade wars and worldwide monetary tightening is taking a bigger toll than hoped. A mounting weight of evidence suggests we are one shock away from a contractionary vortex that would … Continue reading

25 Feb 2019 (AFR) – China’s iron ore posts weekly loss, Brazil seeks arrest of Vale executive

(25 February 2019, AFR, p20, by Enrico Dela Cruz) ‘Manila | China’s benchmark iron ore futures ticked higher in volatile trade on Friday, but posted their first weekly loss this year as demand for the steel-making raw material remained weak, despite concerns over supply. The most-active iron ore contract, for May delivery, on the Dalian … Continue reading

25 Feb 2019 (AFR) – Australia hostage to China’s confusing coal diplomacy

(25 February 2019, AFR, p8, by Michael Smith) ‘Shanghai | Diplomats were scrambling around the clock over the weekend to get some answers from China about the restrictions that have been imposed on Australia’s coal. To say there has been frustration at senior levels of the Australian government about the controls, which sparked panic on … Continue reading

23 Feb 2019 (AFR) – Car makers caught in the crosshairs of regulatory and trade wars

(23 February 2019, AFR, p20,  Hans van Leeuwen) ‘Honda’s announcement this week that it’s quitting Europe in two years has thrown a high-beam spotlight on the forces of change in the global car industry. ‘ <snipped…> ‘A market of more than a billion people is following in May’s footsteps. In January, sales of electric cars … Continue reading

22 Feb 2019 (AFR) – Australian coal import delays linked to row with Beijing

(22 February 2019, AFR, p15, by Michael Smith) ‘Shanghai | One of China’s biggest port operators has banned Australian coal shipments while exports of the commodity to other ports were facing delays of up to 45 days, according to traders and analysts who warn the move is politically motivated. One coal trader in China told … Continue reading

21 Feb 2019 (AFR) – More developers flipping sites in Carlingford in Sydney’s north

(21 February 2019, AFR, p36, by Su-Lin Tan) ‘Chinese-backed developer Yi Fang Group is selling a development-approved site in Carlingford in Sydney’s north for about $20 million as sales in the area continue to fall amid a residential site sell-off. <snipped…> ‘It is understood that Yi Fang, an established private developer from China, may be … Continue reading

20 Feb 2019 (AFR) – More foreign buyers forced to sell their homes in FIRB crackdown

(20 February 2019, AFR, p40, by Ingrid Fuary-Wagner) ‘More foreign buyers have been caught out in the government’s crackdown on illegally-owned properties with 131 owners forced to sell their assets during the 2018 financial year. The Foreign Investment Review Board’s latest annual report showed the number of property divestments as a result of a breach … Continue reading

20 Feb 2019 (AFR,Telegraph) – ‘Mass evictions’ in Athens as government offers golden visa incentive to Airbnb investors from Russia and China

(20 February 2019, AFR, p40, Yannis-Orestis Papadimitriou, Athens) ‘A Greek government scheme that grants visas to non-EU citizens in exchange for €250,000 (£219,000) property investments is leading to mass evictions, with renters removed from their homes to make way for AirBnB properties, The Sunday Telegraph has learned. In an echo of the AirBnB ‘epidemic’ in … Continue reading

20 Feb 2019 (AFR) – The Sydney suburbs where property prices fell most in 2018

(20 February 2019, AFR, p35, by Ingrid Fuary-Wagner) ‘The drop out of Chinese buyers from the property market has left a significant hole in one Sydney suburb, causing house prices to plunge by 20 per cent in 2018. Houses in the suburb of Penshurst, 17 kilometres south of Sydney’s CBD, experienced the biggest fall in … Continue reading

20 Feb 2019 (AFR) – Global car makers are in reverse, and the trade wars won’t help

(20 February 2019, AFR, p15, by Yan Zhang and Ma Jie) ‘Tokyo/Beijing | The tariffs that President Donald Trump may impose on vehicles imported to the US would be just the latest kick in the teeth for carmakers battling cooling markets across the planet. Findings of an investigation into whether imported cars could pose a … Continue reading

20 Feb 2019 (TheAge) – Blackmores shares tank after disappointing sales to China

(20 February 2019, The Age, Business, p24, by Nick Bonyhady) ‘Blackmores investors knocked a quarter off the vitamins group’s value on Tuesday after the company said sales in the burgeoning Chinese market had dropped 11 per cent and profit for the second half of 2019 would be weak. The company has been a poster child … Continue reading