Applications to nominate for the 2016 AustCham Westpac Australia-China Business Awards are now open and can be completed via an online application process. AustCham Beijing would also like to draw attention to our members in nominating an individual (who is an Australian or Chinese citizen) to the AustCham Beijing Chair who has demonstrated: 1) A …
Education Talking Points 22-12-2015
2015-12-22 Monash, Peking University in exchange partnership Monash University has partnered with one of China’s top universities to give students the opportunity to live and study in Australia’s top trading neighbour. Under the agreement with Beijing’s Peking University, Monash bachelor of international business students will have the opportunity for a 12-week exchange in China. Funding …
Food & Agribusiness Talking Points 21-12-2015
21-12-15 American Avian Flu Affecting Exports to China Sanderson Farms, the third largest poultry supplier in the US has seen profits crash by 71% on the back of an import ban from China. The US has seen an import ban on poultry put in place this year after an outbreak of the Avian Influenza virus. …
Healthcare and Life Sciences Talking Points 18-12-2015
18-12-15 FDA reforms encourage pharmaceutical manufacturing China’s Food and Drug Administration Summary have published long awaited reforms designed to accelerate the regulatory review of new drugs and increased options for manufacturing those already approved. The new policy expands the types of drugs that qualify for the fast tracked review process as well as providing …
Financial Services Talking Points 17-12-2015
2015-12-17 Trade-weighted index to keep yuan stable China aims to maintain a stable yuan by valuing it against a basket of foreign currencies to create a flexible exchange rate system, rather than pegging only to the USD. The People’s Bank of China has released a trade weighted index, with the US dollar, euro and the …
AustCham briefing: Chinese Economic Expectations 2016
The Communist Party of China (CPC) on Monday unveiled its major economic tasks for 2016, the first year of the country’s 13th Five-Year Plan. The overall theme is boosting growth within a proper range for the country. Increased urbanisation and Hukou reform: To reduce housing inventories, more migrant rural workers should be issued with urban-residency permits, …
Energy & Resources Talking Points 16-12-2015
16-12-15 Japan to go back to nuclear Japanese nuclear reactors are set to restart and increase percentage renewables in their energy make up. Japanese natural gas imports will drop to 77 million mt by 2020 from a record high of 86 million mt in 2014. Kyushu Electric restarted some of its reactors after a 23-month …
Education Talking Points 15-12-2015
2015-12-15 NSW government rejects TAFE funding claims The NSW government has rejected claims nearly half of the state’s TAFE funding will need to come from the private sector next year. A leaked government document has reportedly shown that direct state government funding for TAFE’s income will be reduced to half in 2016, with the rest …
Food & Agribusiness Talking Points 14-12-2015
14-12-15 Fonterra predict milk price revival Fonterra has expressed signs of revival in the dairy industry with projections of NZ$4.60 per kg of milk solids vs only NZ$3.85 from a projection just earlier in the season. Despite a fall in Fonterra’s benchmark Global Dairy Trade Auction, Fonterra remains bullish for the rest of the …
Post Event Update: Lunch with Northern Territory’s Chief Minister
On the 14th of November AustCham Beijing hosted the Hon. Adam Giles, Chief Minister for the Northern Territory, at a lunch with representatives of Australian and Chinese industry. The Chief Minister spoke of the potential for investment into the Territory, highlighting its rich endowment of natural resources waiting to be exploited. Chief Minister Giles also …