Are economists China-blind?
An update on Chinese investment in Australian residential real estate
Chinese investors remain prominent relative to those from other countries but marginal compared with local buyers. More than a year of heightened compliance activity by the Australian Taxation Office (ATO) has yielded little evidence that foreign investment rules have been widely flouted.
1. Foreign buyers (not just those from China) currently account for 10.4 percent and 7.2 percent of demand for new and established Australian residential real estate, respectively.
Chinese-language media in Australia: Developments, challenges and opportunities
On September 8 2016 the Australia-China Relations Institute (ACRI) at the University of Technology Sydney released an independent report on Chinese-language media in Australia.
The report is authored by Wanning Sun, a Professor of Media and Communication at UTS with a decade of experience conducting academic research into the sector.
Professor Sun details a rapidly changing media landscape that outsiders on the one hand find inscrutable but also regularly place at the heart of the Chinese government’s attempts to exert soft power.
Australian higher education: the China factor
1. Education is Australia’s largest services export, worth $19.4 billion in 2015, making it the third largest export behind iron ore and coal.
2. Globally, China is the number one country of origin for students enrolling in higher education abroad.
Chinese students comprise 17 percent of the global total of tertiary-level, internationally mobile students.
Despite China free trade agreement Australian beef producers are missing out
A new FIRB regime to keep the national security hawks caged
By James Laurenceson
Note: This article appeared in the Australian Financial Review, August 25 2016.
Last week Treasurer Scott Morrison officially killed off the prospect of foreign investors taking a 50.4 per cent share of the lease to operate NSW electricity distributor Ausgrid, citing national security risks.
THE SINO-AUSTRALIAN CATTLE AND BEEF RELATIONSHIP
The cattle and beef trade exemplifies Australia’s agricultural integration into Asia, especially with respect to China. Beef exports to China increased 13-fold between 2011-12 and 2013-14 to become Australia’s fourth largest export market, with projections that the trade could be worth a cumulative total of A$100 billion between 2014 and 2030. Additional stimulus was generated by the signing of the China-Australia Free Trade Agreement (ChAFTA) and a live cattle export protocol, with projections that it could lead to exports of one million head per year.
The Ausgrid decision: new questions
Bids by China’s State Grid for electricity distribution assets in South Australia (2012) and Victoria (2013) were approved on the basis that they were in the national interest. On Thursday Treasurer Scott Morrison blocked State Grid’s bid, along with that of Cheung Kong Infrastructure’s, for NSW electricity distributor Ausgrid. He said it was his preliminary view the deal was contrary to the national interest on the grounds of national security. On Friday the Treasurer said that Ausgrid’s assets and the structure of the deal was different to previous cases.
Chinese investment and Ausgrid
A decision by Australian Treasurer Scott Morrison on whether to approve the partial sale of NSW electricity distributor, Ausgrid, is expected shortly.
1. In March only three companies made the shortlist to buy a 50.4 percent share of NSW electricity distributor Ausgrid. All were Chinese. Since then one has dropped out leaving State Grid, a Chinese state-owned company, and Cheung Kong Infrastructure, a Chinese privately-owned company, as the only bidders.
Chinese investment: Stay calm and ignore the defence hawks
By James Laurenceson
Note: This article originally appeared in the Lowy Interpreter, July 28 2016.
The lights are still on in Manila.
That must come as quite a surprise to defence hawks who like to beat the drum that the sale of New South Wales electricity distributor Ausgrid to a Chinese company could compromise our national security and be contrary to the national interest.