Chinese cotton imports fall China’s cotton imports fell by 29 per cent this year, causing concerns that the Chinese government is trying to reduce its cotton stockpiles. That left the calendar year of 2015 at 1.48 million tonnes, and cotton merchant Plexus said imports could drop as low as 1 million tonnes for the year …
Healthcare and Life Sciences Talking Points 22-01-2016
22-01-16 Healthcare a lucrative emerging market Australian healthcare operators are scrambling to take advantage of a lucrative emerging market as China opens up the sector to foreign investment. Stephen MacMahon, principal director of Austcham member The George Institute, identifies the opportunities available in the Chinese healthcare market. With a growing rate of chronic disease, China …
Extension for foreign investors to register agricultural land with the ATO
As of 1 December 2015 all foreign owned agricultural land (including leases) held on or after 1 July 2015 and before 1 February 2016 must be registered with the ATO on the Agricultural Land Register. The timeframe to do this has now been extended to 29 February 2016. The ATO’s Acting Deputy Commissioner, International, Lyndall …
AustCham Podcast | E-commerce – Creating an Online Strategy for China: Netconcepts-Sinorbis Group
Austcham is pleased to sit down with Santiago Mateos, Director of International Business Development at Netconcepts-Sinorbis Group to give insight on the challenges faced by companies formulating an online digital strategy for the Chinese market.
Financial Services Talking Points 21-01-2016
Shanghai Index falls after IPO announcements Shanghai stocks fell yesterday after the securities regulator announced a new batch of initial public offerings. The China Securities Regulatory Commission said after the market closed on Tuesday that it had approved seven companies to sell new shares under new listing rules that took effect on January 1. Under …
Member News: Hays Salary Guide reveals China’s salary increases are the most generous in Asia
Hays Salary Guide reveals China’s salary increases are the most generous in Asia Most employers (44 per cent) in China plan salary increases of six to ten per cent this year Salary and benefits push Chinese employees to seek jobs ,but work-life balance is the top reason to stay with a current employer China leads …
Energy & Resources Talking Points 20-01-2016
China’s largest offshore producer to cut output Cnooc Ltd. China’s largest offshore oil company will cut output for the first time in a decade, after an announcement to the Hong Kong Stock Exchange. Speculation that Chinese producers are now feeling the pinch of the global oil price, with Cnooc Ltd. announcing that they will cut …
Education Talking Points 19-01-2016
Australian breakthrough could turn regenerative medicine on its head Melbourne biologists have teamed up with British mathematicians to devise a computerized recipe for reprogramming adult cells. This new program eliminates the need to rewind cells to their embryonic stage before using them to fight disease. Senior author Jose Polo said the approach would massively accelerate …
Food & Agribusiness Talking Points 18-01-2016
CBH posts profit despite trading loss CBH posted a profit of $82.7 million AUD despite incurring a loss of $16.7m AUD in its marketing and trading operations. Chairman Wally Newman noted the board’s investment of $177.4m AUD in capital expenditure and maintenance of the network, as well as the launch of CBH Fertiliser and the …
Healthcare and Life Sciences Talking Points 15-01-2016
DNA tags to ensure authenticity Counterfeit pharmaceutical drugs are becoming an increasing problem in modern and developing countries alike. Pharmaceutical companies and government regulators are continually looking for ways to mark genuine drugs and detect fakes. Biotech company Applied DNA Sciences may have an original solution: tagging legitimate drugs with engineered DNA. The tag allows …