Australia and the South China Sea: an update
Continuity, and no willingness to run American-style freedom of navigation
Australia’s position on the South China Sea remains pragmatic, unchanged over the last few years.
There is no evidence that hawkish calls for Australia to run American-style freedom of navigation operations (FONOPs) directed at China have influenced the policy of the Turnbull Government.
Those calls had been made by three US admirals on at least three separate occasions between the dates February 22 2016 and December 14 2016.
Trump: The view from China
What do Chinese media and commentators make of Trump? This ACRI survey goes beyond the English-language Global Times to look at a range of Chinese sources. The overwhelming impression: restraint.
‘One China’ policy
Trump and China
Last updated February 10 2017.
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.
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.
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.
Permanent Court of Arbitration Decision on the South China Sea
On July 12 2016 the Permanent Court of Arbitration ruled on a dispute between the Philippines and China over territorial claims in the South China Sea and found in favour of the Philippines.
Freedom of Navigation Operations
BREXIT and the Australia-China Economic Relationship
1. In 2015 the value of Australia’s goods and services exports to the UK stood at $8.8bn and $23.5bn to the EU as a whole. This compares with $91.3bn to China.
2. Over the past decade the value of Australia’s goods and services exports to the UK fell by $0.6bn, while they increased by $0.4bn to the EU as a whole. This compares with an increase of $71.1bn to China.
The Queensland-China Economic Relationship
- $8.1 billion to Japan
- $6.0 billion to Korea
- $5.3 billion to India
2. The annual value of Queensland’s goods exports to China has increased by $4.9 billion over the past five years. Exports to –
- Japan fell by $3.2 billion
- Korea increased by $0.1 billion